Question

4. Lataben borrowed some money from a bank at a rate of 10 p.c.p.a. Interest for 2 years to starta
cottage industry. If she paid 10.250 as total interest, how much money had she borrowed?

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Answer 1

Answer:

Step-by-step explanation:

Interest = 10.250

R = 10%

T = 2

P = (SI ×100) / (R×T)

= (10.25×100) / (10×2)

= 51.25