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Understanding Simple Interest (Changing Time)

Find the Prin...

Question

Find the Principal.

Simple interest = Rs.1,200; time = 3 years; rate of interest = 8% p.a

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Solution

Simple interest (I) = Rs.1,200.

Time (T) = 3 years

Rate (R) = 8% p. a.

Principal (P) = ?

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Q. Find the simple interest and the amount when:

Principal = Rs 2650, rate = 8% p.a. and time =

2 \frac{1}{2}

= R s 1500

= 12 % p . a,

= 3

3

months.Calculate the compound interest

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Understanding Simple Interest (Changing Time)

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