Question

Ayesha borrowed a sum of money at the rate of 5 per annum simple

Answer 1

Step-by-step explanation:

Given  

Ayesha borrowed a sum of money at the rate of 5 per annum simple interest amounts to Rs 1020 in 4 years then the sum of money borrowed is

We know that SI = P x R x T / 100

So P + S I / 100 = 1020

Now P + P x 5 x 4 / 100 = 1020

P + P / 5 = 1020

6 P = 5100

P = 5100 / 6

Therefore P = Rs 850.