Question

Find the principal.

Annual rate of interest

=

6.5

%

=6.5%equals, 6, point, 5, percent

Period

=

4

=4equals, 4 years

Total interest

=

1222

=1222equals, 1222 rupees

Principal

=

=equals


rupees
what da answer

Answer 1

₹4700

Explanation:

The interest, rate of interest, principal, and period of time are related by the simple interest formula. An unknown value can be found using this formula with the known values filled in.

I = Prt . . . . interest on principal P at annual rate r for t years

₹1222 = P(0.065)(4) . . . . . using the given values

₹1222/0.26 = P = ₹4700 . . . . divide by the coefficient of P

The principal that earns the given amount of interest is ₹4700.