Question

a person took some time loan from a bank at the rate of 15% annual interest. if he pays back Rs 7250 after 3 years then what is the amount of loan?​

Answer 1

Answer:

1872

Step-by-step explanation:

muldhan×dar×samay

bata 100

Answer 2

The amount of loan is Rs. 5000.

Step-by-step explanation:

Let Principal = P

Amount = A = Rs. 7250

Time = T = 3 years

Simple interest = S.I = A - P

Rate = R = 15%

S.I = $\frac{PRT}{100}$ = $\frac{P\times 15\times 3}{100}$

=> A - P = $\frac{9P}{20}$

=> 7250 = P + $\frac{9P}{20}$

=> $\frac{29P}{20}$ = 7250

=> 29P = 7250 x 20

=> P = $\frac{7250\times 20}{29}$ = Rs. 5000

Hence, the amount of loan is Rs. 5000.