Question

A person borrowed some rupees from a bank at the rate of 15% per annum. If after three years he returns ₹ 7250, how much money did he borrow?​

Answer 1

so the person borrow the ru.2416.6

plz make as brainlist plz

Answer 2

Given ,

Rate=15%

Time=3 years

Amount = ₹ 7250

We know ,

SI =(P×R×T) /100

or A-P =( P×15×3) /100

or (7250-P)/P =9/20

or 20(7250-P)=9P

or 9P= 1,45,000-20P

or 29P = 1,45,000

or P= 1,45,000/29

or P = 5000

So , he borrowed ₹5000