Question

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.​

Answer 1

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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Answer 2

Answer:

sum =1500

Step-by-step explanation:

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