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3 years ago

Find the principal.

Mathematics

1 answer:

vampirchik [111]3 years ago

7 0

The principal amount is 7250 rupees

Further explanation:

The simple interest formula will be used.

The formula for calculating amount of interest over a period of time is:

$I=P_0rt$

Here

P_0 is the principal amont,

r is the interest rate

I is the interest and

t is the time

Given

$Interest\ rate=r=8\%\\Time=t=5\\Ineterest =I=2900$

Putting the values in the formula

$2900=P_0*0.08*5\\2900=P_0*0.4\\P_0=\frac{2900}{0.4}\\P_0=7250\ rupees$

The principal amount is 7250 rupees

Keywords: Simple interest, interest calculation

Learn more about simple interest at:

#LearnwithBrainly

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