Question

A man lends money to a borrower at a simple

interest rate of 12% per annum.After 2 year man

collects 25000 from the borrower.what was the

amount given by the moneylender?​

Answer 1

Answer:

₹ 20161.29

Step-by-step explanation:

Given that,

A man lends money to a borrower.

Rate of intrest, r = 12% p.a

Time, t = 2 yrs.

Amount = ₹ 25000

To find the amount given by moneylender.

Let the principal be ₹ p.

And, the Simple Intrest be ₹ s.

We know that,

=> s = (p × r × t)/100

=> s = p × 12 × 2/100

=> s = 24p/100

And,

Amount = p + s

Therefore, we have,

=> 24p/100 + p = 25000

=> (24p+100p)/100 = 25000

=> 124p/100 = 25000

=> p = 25000/1.24

=> p = 20161.29

Hence, the amount given by moneylender was ₹ 20161.29