Aditi borrowed an amount from bank as a loan.After 3 years he paid rs 4826 and settled the accounts.If the rate of interest is 9 present per annum, what sum did she borrow
Answers
Answer:
Step-by-step explanation:
4826×9=48.26×9×3=1,303.02
100×3
A=P+I=4826+1,303.02
=6,129.02
Answer:
The principal amount borrowed is Rs.3800.
Step-by-step explanation:
Given the time period, T = 3years
The amount paid after 3 years, A = Rs. 4826
Rate of interest, R = 9%
Simple interest is given by the following formula:
where R is the rate of interest per annum, T is the time period and P is the principal amount borrowed.
And the final amount paid is given by the sum of the principal amount and the interest paid i.e.,
Substituting the simple interest formula,
Substituting the given values,
Thus, the principal amount is
So, the principal amount borrowed is Rs.3800.
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