Question

Anita borrowed from a finance company if she paid 3600 as interest for 3 years at 3%
3. Find the amount Anita borrowed from a finance a
interest per annum.ans:40,000
​

Answer 1

Answer:

Rs 40000

Step-by-step explanation:

Let the amount borrowed (P) be x

Given:- Rate (R) = 3%

Time (T) = 3 years

Interest (I) = 3600

To find:- Principal amount (P)

Solution:-

Simple interest = (P*R*T)/100

3600 = (x * 3 * 3)/100

3600*100 = x *9

360000/9 = x

40000 = x

Hence, the principal amount which Anita borrowed is Rs 40000.

Answer 2

Time = 3 years

Rate = 3%

Simple Interest = ₹3600

P×R×T/100 = 3600

P×3×3/100 = 3600

P×9/100 = 3600

P = 3600×100/9

Cancel 3600 to 9

P = ₹40000

Principal = ₹40000