Question

if Meena interest 45 rupees for one year year at 9% rate p.a.. what is the sum she has borrowed?​

Answer 1

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The sum borrowed is Rs.500.
Step-by-step explanation:
Given : If Meena gives an interest of Rs.45 for one year at 9% rate p.a.
To find : What is the sum she has borrowed ?
Solution :
Applying interest formula,
I= P*T*R

Where, I=Rs.45 is the interest
R=9%=0.09 is the interest rate
T=1 year is the time
P is the principal or sum
Substitute the value in the formula,
45 = p*0.09*1
P= 45/0.09
P= 500

Therefore, The sum borrowed is Rs.500.

Answer 2

Answer:

The sum borrowed is Rs. 500.