Question

A man borrowed a certain sum at 11% per annum. If he pays Rs 156.75 as interest in 1 ½ years find the sum borrowed ?​

Answer 1

Answer:

the borrowed sum=950

Step-by-step explanation:

let

p=p

r=11%

t=3/2 years

so,

si= p*t*r/100

156.75=p*11*3/100*2

156.75=33p/200

33p=31350

p=31350/33

p=950

hence borrowed sum is 950