Question

A man took loan from a bank at the rate of 7.5% p.a. simple interest. After 9 years he had to pay Rs.27000 interest for the period. The principal amount borrowed by him was?

Answer 1

Answer:

Step-by-step explanation:

P=?

T=9 years

SI=Rs.27000

R=7.5%

WKT,

SI=PRT/100

27000=(Px7.5x9)/100

P=(27000x100) /(7.5x9)

P=Rs.40000

Hence, The Principal amount borrowed by him was Rs. 40000

Answer 2

The correct answer is Rs 40000.

Given: Rate of interest = 7.5%.

Time period = 9 years.

Simple interest = Rs 27000.

To Find: Principle amount borrowed by him.

Solution:

Simple interest (SI) = $\frac{PRT}{100}$

Let the principle = P.

27000 = $\frac{P*7.5*9}{100}$

$P=\frac{27000*100}{7.5*9}$

P = 40000

Hence, the principal amount borrowed by him was Rs 40000.

#SPJ2