Question

arturo took a loan from Bank at 4 1/2% simple interest for to 2 1 /2 year at the time of repayment he had to pay rupees 3510 as interest find the amount of loan.
please step by step explanation ans ₹31,200​

Answer 1

$principal \: \: -$

$- \frac{simple \: interest}{t} \times \frac{100}{rate \: of \: interest}$

$so \: \frac{3500}{9} \times \frac{100}{5} \times 2 \times 2$

$= 31200 \:$