Question

Goutam took a loan of some money from a Cooperative bank for opening a poultry farm at the rate of simple interest of 12 percent per annum. Every month he has to repay Rs 378 as interest. Let us determine the loan amount taken by him

Answer 1

Answer:

RS 378....................

Answer 2

Answer:

Ans >> ₹37800

Step-by-step explanation:

let the principal be P. r=12%. I=378/12. t=1

I=prt/100

or, 378 / 12=P × 12 × 1 /100

or, p=37800 (Ans)