SOLUTION: if y years rs. z is obtained as simple interest @ x% per annum, then the principal is ?
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Question 889630: if y years rs. z is obtained as simple interest @ x% per annum, then the principal is ?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
if y years rs. z is obtained as simple interest @ x% per annum, then the principal is ?
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Formula:
I = Prt
z = P*(x/100)*y
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Solve for "P":
P = (100z)/(x*y)
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Cheers,
Stan H.
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