WebPrincipal = $424 - $24. Principal = $400. Therefore, the man borrowed $400 ... $800,000 Explanation: Future amount is $1,000,000. Rate of interest is 2.5%. Time of investment is 10 years. Using the formula for solving the principal; Principal `= (Future Amount)/(1+(Rate x Time))` Principal = `$800,000` Therefore, the rich man should have an ... WebJul 17, 2024 · The principal, interest amount, and time are known: months. How You Will Get There. Step 2: The computed interest rate needs to be annual, so you must express the …
Principle = ₹400, Rate interest = 5%, Time = 4 years.
WebOct 24, 2024 · Answer:As we know to find principal we have to solve by the formula given below Interest×100/rate×time= 400×100/5×4= 40000/20= 2000Thus , the principle is ₹200… WebGiven: Principal = Rs. 5000 Rate = 5% Time = 3 years Formula used: In case of simple interest A = P(1 + RT/100) Where, A = Amount, P = Principal R famous bolivian celebrities
Determine the principal when time = 2 years, interest = Rs. 1000 ; …
WebStarting money = $350.Interest rate = 2.5%TIme = 3 years.How much interest? Simple Interest DRAFT. 7th grade. 77 times. Mathematics. 73% average accuracy. a year ago. kaaldridge. 0. Save. Edit. ... Q. Principal = $800 Interest Rate = 3.5% Time = 6 months Find the interest earned. answer choices . 14. 140. 168. 16.80. Tags: Report Quiz. Report ... WebFind the simple interest at the rate of 5% p.a. for 3 years on that principal which in 4 years, 8 months at the rate of 5% p.a. gives $1200 as simple interest. 14. At what rate per cent per annum will $4000 yield an interest of $410 in 2 years? 15. Simple interest on a certain sum is ¹⁶/₂₅ of the sum. Find the rate per cent and time if ... WebApr 29, 2016 · Principal, P = Rs. 400 Rate of interest, r = 5% Number of years, n = 2 ∴ Amount = P(1 + r/100)n = 400 × (1 + 5/100)2 = 400 × (21/20)2 = 400. Get Started. Exams. ... A sum of money becomes four times in 2 years at compound interest. What is the rate of compound interest, if the interest is compounded annually? famous bolivian desserts