A sum of money was borrowed from a money lender at 18% per annum SI. After 3years it became 4620 rupees. What sum was borrowed
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Answer:
Step-by-step explanation:
Answered by
0
Answer:
Step-by-step explanation:
Money borrowed = Rs.8000
Time = 146 days = (146/365) years
Rate of Interest = 5%
Formula Used:
SI = (P × R × T)/100
Amount = SI + P
Calculation:
SI = [8000 × 5 × (146/365)]/100
⇒ 160
Amount = SI + P
⇒ 8000 + 160
⇒ Rs.8160
∴ Amount he will have to pay is Rs. 8160.
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