Find the principal when time is 4year interest is $ 1600 and rate 4%pa – InterviewSolution

1.	Find the principal when time is 4year interest is $ 1600 and rate 4%pa
Answer» : $ 10,000Explanation PRINCIPAL = (100 × Interest)/(RATE × TIME)P= (100 x 1600)/(4 x 4)P =160000/16P = $10,000

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