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1. Find the Principal when S.l. = 100 Rate = 5% per annum Time = 2 years.​
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1. Find the Principal when S.l. = 100 Rate = 5% per annum Time = 2 years.​

User LinPy
by
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1 Answer

3 votes

The principal is 1000

SI = PRT/100

Simple interest = 100

Rate = 5%

Time = 2 years.

SI = PRT/100

100 = (P × 5 × 2)/100

10000 = 10P

P = 10000/10

P = 1000

User Arturh
by
3.1k points
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