A potter took 9000 from the Panchayat Development
Fund at 8 1/9 per annum and finally paid rs9046 to
clear his dues. How many days did the potter take to
repay the loan?
Answers
Answer:
Potter takes 23 days to repay the loan.
Step-by-step explanation:
Since we have given that
Principal = Rs. 9000
Amount = Rs. 9046
So, Interest would be
\begin{gathered}Interest=Amount-Principal\\\\Interest=9046-9000\\\\Interest=46\end{gathered}
Interest=Amount−Principal
Interest=9046−9000
Interest=46
Rate of interest = \dfrac{73}{9}\%
9
73
%
According to question, it becomes,
\begin{gathered}46=\dfrac{9000\times 73\times t}{900\times 365}\\\\46=\dfrac{10\times t}{5}\\\\46=2t\\\\t=\dfrac{46}{2}\\\\t=23\ days\end{gathered}
46=
900×365
9000×73×t
46=
5
10×t
46=2t
t=
2
46
t=23 days
Hence, Potter takes 23 days to repay the loan.
# learn more:
A potter took 9000 from the Panchayat Development
Fund at 81/9% per annum and finally paid 39046 to
clear his dues. How many days did the potter take to
repay the loan?