Question

Kanhai borrowed a sum of money at 9% per annum. If he paid Rs 612 as interest after 4 years, find the sum borrowed by him.

Answer 1

I=PTR/100
here I=612,T=4,R=9/100
so 612=P×4×9/100
612×100=P×36
P=61200/36
P=1700

Answer 2

SI=P×R×T/100
P=SI×100/R×T
612×100/9×4
61200/36
1700


I hope it may help you ....