Armaan borrowed rupees 80000 from the bank at the rate of 7% interest. After 5 years, he only had rupees 90000 so he borrowed some money from his brother to repay the loan. What sum of money did he need to borrow from his brother?
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Interest on 80,000 for 5 yrs @7%is 28,000.
He has 90,000 so he needs some more amount to repay back his loan and that is
80,000+28,000-90,000= 18,000
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Answer:
18000 rupees he will borrow from his brother
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