Question

What principle will amount to INR 570 at 4% per annual simple interest in 3.5 years

Answer 1

Answer:

4071.429

Step-by-step explanation:

Given principal(P)=?

time period(T)=3.5 years

Rate of interest(R)=4%

Simple interest(I)=570

We know that Simple interest=I=PTR/100 (I=P*T*R/100)      

                                                 570=P*3.5*4/100

                                                  570=P*3.5*4*10/100

                                                   570=140/100      

                                                  570=14/10

                                                   =4071.429                      

                                                                     

Hope this help you!!!!

Answer 2

Simple interest is a method to calculate the amount of interest charged on a sum at a given rate and for a given period of time.

Given : Simple Interest (I)= INR 570

            Rate of Interest(R) = 4%

            Time(T) = 3.5 years

To find : Principal(P).

Solution :

I = $\frac{P * T * R}{100}$

570 = $\frac{P * 3.5 * 4}{100}$

P = 4071.4

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