Question

5. If a person repaid 14,400 after ten years of borrow-
ing a loan, at 8% per annum simple interest, find out
what amount (in ) did he take as a loan?
(a) 8,000
(b) 12,000
(C) 9,000
(d) 10,000

Answer 1

Answer:

8000

Step-by-step explanation:

i hope it will help you

Answer 2

Answer:

a. 8000

Step-by-step explanation:

equation for final amount

A=P(1+rt/100)

A=final Amount

P=principal amount

r=rate of interest

t=time in years

14400=P(1+(8*10)/100)

14400=P(1+0.8)

P=14400/1.8

P=8000