Answer :
The principal is N16.94
Step-by-step explanation:
Simple Interest = (Principal × Rate × Time)/100
Principal = (Simple Interest × 100)/(Rate × Time)
Principal = (123 × 100)/(3 × 242)
Principal = 12300/726
Principal = 16.9421
The principal is N16.94
Step-by-step explanation:
Simple Interest = (Principal × Rate × Time)/100
Principal = (Simple Interest × 100)/(Rate × Time)
Principal = (123 × 100)/(3 × 242)
Principal = 12300/726
Principal = 16.9421