Find the principal when: final amount is Rs.4500 at 20% per annum for 5 years
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Solution
Amount(A)=Rs.4500 Rate(R)=20% Time(T)=5years Let Principal (P) =Rs.100 Then S.I.=PRT100 =100×20×5100=Rs.100 and amount = P + S.I. =Rs.100+Rs.100=Rs.200 If amount is Rs.200 then Principal =Rs.100 and if amount is Rs.4500 then principal =100200×4500 =Rs.2250