what principal will yield RS. 500 as.S.l at 16% per annum in 5 year
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Answer:
Explanation:
Amount(A)=Rs.500
Rate(R)=16%
Time(T)=5years
Let Principal (P) =Rs.100
Then S.I.=
100
PRT
=
100
100×16×5
=Rs.100
and amount = P + S.I. =Rs.100+Rs.100=Rs.200
If amount is Rs.200 then Principal =Rs.100
and if amount is Rs.4500 then principal
=
200
100
×4500
=Rs.2250
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