Question

ankit borrowed a certain amount of money from his friend. at the end of 5 years at the rate of interest of 10%,he returned Rs. 75,000 to his friend. find the sum of money ankit borrowed from his friend. ​

Answer 1

principal = 75,000

rate = 10%

time = 3 years

$si = p \times r \times t \div 100$

= 75,00*10*3/100

= 2250

Amount = principle + s i

= 75000+2250

= 77250