Question

Please help!!!

Answer 1

Answer:

Rs.833.94

Step-by-step explanation:

To solve for the sum of money or principal, we use the formula:

$P=\dfrac{A}{1+rt}$

The current variables we have are:

A = Rs.1,155

r = 11% or 0.11

t = 3.5

Now let's plug the variables into the formula.

$P=\dfrac{A}{1+rt}$

$P=\dfrac{1,155}{1+(0.11)(3.5)}$

$P=\dfrac{1,155}{1+0.385}$

$P=\dfrac{1,155}{1.385}$

$P=Rs.833.94$