Question

Find the Principal.

Amount = Rs. 1,416; time = 5 years; rate of interest = 9½% p.a

Answer 1

Amount (A) =Rs.1,416

Time (T) = 5 years

Rate (R) =

Principal (P) =?

Let the principal be Rs.100.

∴Amount,

If the amount is Rs.147.5, then the principal is Rs.100.

If the amount is Rs.1, then the principal is Rs.

If the amount is Rs.1,416, then the principal is: