ans itt plsss
i don't have enough time
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Answer:
Given :
The Simple Interest = I = Rs 55
The time period = t = 5 months
The rate of interest applied = r = 12% per annum
To Find :
The sum of money
Solution :
Let The Sum of money borrowed = Rs P
From Simple interest method
Simple Interest = \dfrac{Principal\times Rate\times time}{100}
100
Principal×Rate×time
Or, I = \dfrac{P\times r\times t}{100}
100
P×r×t
Or , Rs 55 = \dfrac{P\times 12\times 5}{12\times 100}
12×100
P×12×5
Or, 55 = \dfrac{P\times 5}{ 100}
100
P×5
Or, 5 P = 5500
∴ P = \dfrac{5500}{5}
5
5500
i.e Principal = P = Rs 1100
Hence, The sum of money borrowed is Rs 1100 Answer
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