Answer:
₹4700
Step-by-step explanation:
The interest, rate of interest, principal, and period of time are related by the simple interest formula. An unknown value can be found using this formula with the known values filled in.
I = Prt . . . . interest on principal P at annual rate r for t years
₹1222 = P(0.065)(4) . . . . . using the given values
₹1222/0.26 = P = ₹4700 . . . . divide by the coefficient of P
The principal that earns the given amount of interest is ₹4700.
