Question

The sum of simple interest and compound interest in 2 years is Rs 202.50 and the rate is 5% per annum. Find the principle.

Answer 1

Principle is Rs.2025

Explanation:

SI = P*T*R ÷ 100 (Formula)

P = SI*100 ÷ T*R (for easiness rearrange formula)

P = 202.50*100 ÷ 2*5 (Putting given values)

P = 20250 ÷ 10 (Calculating)

P = Rs.2025

Hope it will help you understand !!