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

P = 9600

R = 16%

T = 5 year

Step-by-step explanation:

SI = P×R×T/100

SI = 9600×16×5/100

SI = 7680

NOW,

AMOUNT = P + SI

= 9600+7680

ANSWER = 17280

THANKS ,

MARK ME AS BRAINLIST PLEASE

Answer 2

Answer:

Here, in this question

Let,Principal be x

Simple interest=9600

Rate=16%

Time=5 years

so Simple intrest =P*R*T/100

9600 =(x*16*5)/100

x=(9600*100)/(16*5)

x=960000/80

x=12000

therefore, the amount he took as loan is ₹12000