Question

A man took a loan from a bank at the rate of 35% p.a. simple intrest . after u years he had to pay Rs.24,500 intrest only for the period.the principal amount borrowed by him was...

Answer 1

Answer:

i don't know

Step-by-step explanation:

man i don't know i am sorry

Answer 2

Answer:

The principal amount borrowed is Rs.17,500.

Step-by-step explanation:

• Simple interest is an amount of interest charged on a principal at a given rate of interest for a period of time.
• Simple interest is calculated by the formula:

        $S.I. = \dfrac{P T R}{100}$

• where P is the principal amount, T is the time in years and R is the rate of interest in % per annum.  

Given the rate of interest, R = 35%

The amount of interest, S.I = Rs. 24,500

Time period, T = 4 years

Substituting in the formula of simple interest,

$24500= \dfrac{P \times 4\times 35}{100}$

$\implies P \times 4\times 35=24500\times 100$

$\implies P =\dfrac{24500\times 100 }{4\times 35}$

$=3500\times 5 =Rs.17,500$

Therefore, the principal amount borrowed is Rs.17,500.

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