3. If Rahit gives an interest Rs.45 for one year at 9 % per annum. What is the sum she has borrowed?
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Answer:
Given,
Simple interest=Rs.45
Rate of interest=9%p.a
Time=1year
We know,
S.I=100PRT
where,
P=principal
R=rate of interest
T=time
45=100P×9×1
P=945×100
P=94500
P=Rs.500
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Given
- Rohit gives an interest Rs.45 for one year at 9 % per annum.
We Find
- Value of principal
We know
Formula used :-
According to the question
Hence, Principal of given question is Rs
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