Appu borrowed some money from Shashank at the rate of 8% p.a. if Appu paid back a total of rupees 16500 at the the end of 4 years then what amount did Shashank lend to Appu?
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Explanation:
P=16500
R=8%
T=4 years
S.I.= P×R×T/100
= x×4×8/100
=32x/100
Amount=16500
32x/100+x=16500
x×132/100=16500
x=16500×100/132
x=12500
Therefore, Shashank lend Rs 12500 to Appu.
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