4. Mr Mehta borrowed a sum of money at 8% per annum. If he paid ? 640 as interest after
5
years (5 years 4 months), find the sum borrowed by him.
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Answered by
11
Answer:
Given :
Rate of Interest = 8 %
Time = 16/3 years (5 Years 4 Months)
S.I = 640
To Find : Sum borrowed by him P = ?
S.I = Principal X Interest Rate X Time/ 100
=>640 = P X (8/100) X (16/3)
=> P = 640 X 100 X 3 / 8 X 16
=> P = 80 X 100 X 3 /16
=> P = 5 X 100 X 3
=> P = 1500.
Hence the sum borrowed is P = Rs. 1500. ANS.
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Answered by
7
Answer:
sum =1500
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