Question

Ishaan took an educational loan from a trust which charges simple interest at the rate of 4% per annum.If Ishaan paid back 1,36,800 rupees as amount after three and a half years,find the sum of money borrowed and the interest paid.

Answer 1

Answer:

iresest= I some amount borrow = p I = 3+1/2 = 7/2

rase = 4

I = PTR/100 and 136800 I+P

136800-P = p×7/2 (2)cut × 42 (42) cut

_________

100 (100)cut 50.

6840000 - 50p = 7p

57 P= 6840000.