Question

9) A person took a loan for 7 years at 9% per annum SI. At the end of 7 years, he paid
Rs13040 to clear his loan. Find rate of interest
al 7000
b) 7600
c) 8400
d) 8000​

Answer 1

Answer:

ddddddddddddddddddddd

Answer 2

Answer:

d) 8000​

Step-by-step explanation:

Loan=x

Time= 7 years,

Interest rate= 9% per years SI

====

• x+x*0.09*7=13040
• 1.63x=13040
• x=13040/1.63
• x=8000

(question should state initial amount as interest rate is already known to be 9%)

So Initial loan amount is Rs. 8000

Option d) is correct