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Find the principal is interest is equal to rupees 7000 rate of interest is equal to 9 1 / 2 percentage and time is equal to 7 years?
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Find the principal is interest is equal to rupees 7000 rate of interes...



Calculating the Principal Amount



  • Principal Amount (P) = ?

  • Interest (I) = Rs. 7000

  • Rate of Interest (R) = 9 1/2% = 9.5%

  • Time (T) = 7 years



Formula for Calculating Simple Interest



  • Simple Interest (SI) = (P * R * T) / 100



Substitute the Given Values into the Formula



  • 7000 = (P * 9.5 * 7) / 100



Solve for Principal Amount (P)



  • 7000 = (P * 66.5) / 100

  • P = (7000 * 100) / 66.5

  • P = 10526.32



Conclusion



  • The Principal Amount (P) is Rs. 10526.32



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Find the principal is interest is equal to rupees 7000 rate of interest is equal to 9 1 / 2 percentage and time is equal to 7 years?
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