Find the principal S. I. = ₹ 1800 rate = 6% per annum time = 3 years
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Find the principal S. I. = ₹ 1800 rate = 6% per annum time = 3 years
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Answer:
The principal is approximately ₹1666.67.
Step-by-step explanation:
To find the principal, we use the formula for Simple Interest (SI) which is:
SI= (Principal * Rate * Time) / 100
Take note: The asterisk (*) represents multiplication while slash (/) represents division. Therefore, we multiply principal, rate, and time altogether then divide it by 100.
Given: Simple Interest (SI)= ₹ 1800
Rate = 6% per annum Time = 3 years
Then we subtitute these values into the formula then solve for the principal:
1800 = (Principal * 6 * 3) / 100
Then we isolate the Principal, meaning we have to rearrange the equation:
Principal = (1800 * 100) / (6 * 3)
Principal = ₹ 1666.67 (rounded to two decimal places)
Therefore, the principal is approximately ₹ 1666.67