Mathematics

24.01.2023 04:27

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Find the principal. annual rate of interest = 8 \%=8%equals, 8, percent period =

Find the principal.
annual rate of interest = 8 \%=8%equals, 8, percent
period = 5=5equals, 5 years
total interest= 2900=2900equals, 2900 rupees
principal ==equals
rupees

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mary9664

4,4(77 marks)

The required Principal Amount = 7,250.

Step-by-step explanation:

Let us assume, the Principal Amount = P

Rate of interest = 8%

Time = 5 years

Total Simple Interest = 2900

Now, $\textrm{SIMPLE INTEREST} = \frac{P \times R \times T}{100}$

$\implies 2900 = \frac{P \times 8 \times 5}{100} \\\implies P = \frac{2900 \times100}{8 \times 5} = 7,250$

or, P = 7,250

Hence, the required Principal Amount = 7,250.

skatingflower

4,8(42 marks)

basicily its 0

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