Question

2) A sum of 2000 was borrowed on 1 April and repaid on 25 August of the same year at an interes
7 1/2%. what was the interest paid?​

Answer 1

Answer:

sum borrowed:2000

interest paid in percentage:7 1/2%

interest paid in rupees:?

so convert the mixed fraction

7 1/2=15/2

15/2=7.5

then,

7.5x100/2000

750/2000

cancel 1 zero in 750 and 2000

so,75/200

so,divide 75 and 200 by 5

75/200=15/40

15/40=3/8

3/8=0.375

take the numbers after the point

so,the interest paid is ₹375