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

He took Rs.12000 as loan

Step-by-step explanation:

Let the principal be x

Interest = Rs.9600

Rate of interest = 16%

Time = 5 years

$SI=\frac{ P \times R \times T}{100}$

$9600=\frac{x \times 5 \times 16}{100}$

$\frac{960000}{5 \times 16}= x$

12000 =x

Hence he took Rs.12000 as loan

#Learn more:

Arun took a loan of Rs. 1400 with simple interest for as many years as the rate of interest. If he paid Rs.686 as interest at the end of the loan period, what was the rate of interest?

https://brainly.in/question/9923813

Answer 2

Answer:

Step-by-step explanation: