Question

Kriti took a loan at simple interest rate of 6% in the year with increase of 0.5% in each subsequent year . She paid interest of rs 3375 after 4 year. How much loan did she take

Answer 1

p=(si * 100)/(6*0.5)

si=3375

r = 0.5%

t = 4 yrs

you multiply si,100 and divide it by the product of r , t