If Tanvi gives an interest of Rs 40 for one year at 5% rate p.a. What is the sum she has borrowed?
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Answer:
- She has borrowed a sum of Rs 800.
Step-by-step explanation:
Given that:
- Time = 1 years
- Rate of interest = 5% per annum
- Simple Interest = Rs 40
To Find:
- What is the sum she has borrowed?
Formula used:
- SI = (P × R × T)/100
Where,
- SI = Simple interest
- P = Principal/Sum
- R = Rate of interest
- T = Time
Finding the sum:
⟶ SI = (P × R × T)/100
Substituting the values:
⟶ 40 = (P × 5 × 1)/100
⟶ 40 = 5P/100
⟶ 5P = 40 × 100
⟶ 5P = 4000
⟶ P = 4000/5
⟶ P = 800
∴ The sum Tanvi has borrowed = Rs 800
Answer: Tanvi has borrowed a sum of Rs 800.
Hope it helps you!!(●'◡'●)
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