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Find the principal and simple interest with rate of interest per annum = 3.5% ,time period =2years and amount =$535 |
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Answer» A = 535$ R% = 3.5% T = 2 Years SI = A - P SI = 535 - P P = 535 - SI By SI formula SI = (P*T*R)/100 SI = ((535-SI)*2*3.5)/100 100SI = (535-SI)*7 100SI = 3745 - 7SI 100SI + 7SI = 3745 107SI = 3745 SI = 3745/107 SI = 35$ P = A - SI P = 535 - SI P = 535 - 35 P = 500$ |
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