Divya took a loan of rupees 19500 with the simple interest for as many years as the rate of interest if she paid rupees 4875 as an interest at the end of the loan period what was the loan period?
Answers
Answered by
2
Answer:
The loan taken by Rohit =Rs20000.
Original rate =10%. Time =3yrs.
∴ The original amount should have been paid
=Principal×(1+rate)time
=20000Rs(1+10010)3=Rs26620..
But he paid an interest @ 10% for 2yrs.
∴The amount after 2yrs.
=20000Rs(1+10010)2=Rs24200..
Now he pays 15% interest for 1yr.
∴ The amount after 1yr.
=24200×Rs(1+10015)=Rs27830..
So, the extra amount Rohit has to pay
=Rs(27830−26620)=Rs1210.
Answered by
4
Answer:
P = 19500
SI = 4875
Let R = T = X
A/q,
4875 = 195*x²
x² = 25
x = 5 = Rate = Time
=5 years
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