Question

5.
Rahul pays an interest of 4,500 for 5 years
on a certain sum at 7.5% p.a. Find the sum
he has borrowed.​

Answer 1

Answer:

S.I. = Simple Interest

P = Principal

R = Rate

T = Time

S.I. = ₹4500

P = ₹?

R = 7.5%

T = 5 years

S.I. = P × R × T/100

4500 = P × 7.5 × 5/100

P × 7.5 × 5 = 4500 × 100

P = 4500 × 100/7.5×5

P = 450000/37.5

P = 12000