If Meena gives an interest of ₹ 45 for one year at 9% rate p.a. What is the sum she has borrowed?
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Given :-
Rate = 9%
Time = 1 year
Interest = ₹ 45
Principal = ?
Interest = P × R × T/100
45 = P × 9 × 1/100
45 × 100= P × 9 × 1
45 × 100/ 9 × 1 = P
5 × 100 = P
500 = P
Borrowed Sum = ₹ 500
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