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

Question

asked Aug 1, 2023 191k views

1 Answer

Arturh · Answer 1 · 2023-08-06T17:26:47+0000

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