Amy borrowed some money at a rate of 15% per annum. After 2 years, she pays ₹2600. How much money did she borrow?
Answers
Answered by
2
Answer:
1 year = 15%
2 year = 15 × 2 = 30 %
simple interest = 2600.
money borrowed by amy = 2600 - (30% of 2600)
= 30% of 2600 = 30 ÷ 100 × 2600 = 780
money borrowed by amy = 2600 - 780
= 1820
= amy borrowed rs. 1820
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Answered by
0
Answer:
A=P(1+r)^t
2600= P(1+0.15)^2
2600/(1.15)^2 =P
P= 2600/1.3225
P=1966Rs
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