a farmer for purchasing seeds and fertilizers borrowed a loan from Cooperative Bank after 2 years he paid rupees 5434 and settled the account if the rate of simple interest is 2 whole 1 by 4 what sum did he burrow
Answers
Answered by
23
Given :
∴ Principal(P) + Simple Interest(S.I) = Rs 5434
Therefore the farmer borrowed Rs 5200 from bank.
Answered by
7
Answer:
RATE OF INTEREST =9/4%
TIME =2 years
AMOUNT = 5434
principal +simple interest = 5434
p+ (p*R*T/100) =5434
p+ (p*9*2/4*100) = 5434
p + 9/200p =5434
209/200p =5434
p = 5434*200/209
p= 5200
Step-by-step explanation:
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