Find the principal, if the amount of markup for 5 years at 5% is Rs.5550?

22300

22200

22400

22500

Given the markup (interest) is Rs. 5550 for 5 years at 5% interest rate:

Let's denote the principal as P. Using the simple interest formula I = P * r * t:

5550 = P * 0.05 * 5

5550 = P * 0.25

P = 5550 / 0.25

P = 22200