If Sita gives an interest of Rs. 90 for two years at 9 % rate p. a. What is the sum she has borrowed
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Step-by-step explanation:
Answer
Simple Interest =Rs.45, Rate (R)=9%, Times (T)=1 years
Simplet Interest =
100
P×R×T
⇒ 45=
100
P×9×1
⇒ P=
9×1
45×100
⇒ P=Rs.500
Hence, she borrowed Rs. 500
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