Which formula should be used for the below attached sum. Whether PRT/100 can be used. Question number 24
Lathika
CA Foundation
★ 6K+
15-Feb-23 16:03
226
Answers (3)
Amount (A) is given in the question. You have to find out the Principal (P).
A = P + I
15250 = P [1 + RT]
15250 = P [1+ (7.5% x 7)]
15250 = P [1.525]
P = Rs. 10000