If Tanvi gives an interest of Rs 40 for one
year at 5% rate p.a. What is the sum she
has borrowed? ?
Answers
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Step-by-step explanation:
She has borrowed 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
hope this helps you!!
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