Question

kabir paid rs 9600 as interest on a loan he took 5 years ago at 16% rate of simple interest. what was the amount he took as loan ​

Answer 1

Answer:

Rs. 12000

Step-by-step explanation:

Let the principal be x

Interest = Rs.9600

Rate of interest = 16%

Time = 5 years

SI = (P×R×T)/100

9600 = {x × 5 × 16}/{100}

{960000}/{5 x 16} = x

12000 = x

Hence he took Rs.12000 as loan

Answer 2

Answer:

Principal = 100 × SI / R × T

= 100 × 9600 / 16 × 5

= 12000

therefore Kabir took 9600 as loan.

Step-by-step explanation:

hope this will help you

sorry if not