Question

11. Rajat borrowed 15,000 from a bank at 12% per annum. He paid 25,800 to the
bank. Find the time for which the money was borrowed​

Answer 1

Answer:

let the time is x years

then interest

=Rs 15,000.x.12/100

=Rs 1800 x

15000+1800x=25,800

=> 1800x=25,800-15,000

=> 1800x=10,800

=> x=10,800/1800

=> x=6

so the required time is 6 years