Question

a business man paid Rs 450 as simple interest on a sum borrowed for a period of 3 Years at an interest rate of 25% per annum.Find the sum borrowed by him

Answer 1

Solution:

S. I. = ₹450
Rate = 25% per annum
Time = 3 years
Sum = 100 × S. I./R × T = 100 × 450/25 × 3 = ₹600

Hope this helps.