Question

Find the principal of interest 3415 naira ,rate 5% and time 4 yrs 3 months​

Answer 1

Rs16.968

Explanation:

solution

given

i=3415

r=5%

time=4yrs 3 months

=4.25 yrs

we know,

p=Ix100/tr

= 3415x100/4.25x5

=Rs16.98

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Answered By Solution 49