Question

gopal borrowed some money at 12%simple interest if he had to pay back 1280 rupees after 5 years in order to clear off the loan how much did he borrowed??

Answer 1

Rs. 800 

Explanation:

Let the principle amount be Rs. P

Interest rate = 12%

Total amount he paid after 5 years = Rs. 1280

ATQ,

 
SEE PICTURE
 


 

Hence, the amount he borrowed = P = Rs. 800.