find the principal that will yeild an intrest ₹167.75in 3 1 /2 years at 3%per annum simple intrest
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find the principal that will yeild an intrest ₹167.75in 3 1 /2 years at 3%per annum simple intrest
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Step-by-step explanation:
Principal = Interest × 100 / Rate × Time
P = 167.75 × 100 / 3× (3½ Years)
P = 167.75 × 100 / 3× 7/2 Yr's
P = 16775/21/2
P = 16775/10.5
P = 16775/10.5
P = ₹1597.15