A man borrowed some money from the bank at 10% per annum simple interest for 5 year .he paid back ₹36000 to the bank and settled the account .what sum did he borrow from the bank
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let the principal =x
rate=10%
time=5 years
amount=3600
S.I.=A-P
=3600-X
S.I. = P ×TRX/100
3600-x= x*5*10/100
3600-x= x/2
3600=x/2+x
3600= 3 x/2
x=3600*2/3
x= 7200/3
=2400
so, principal is 2400.
I hope it will helps you.
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