Question

lalita borrowed some money from Parveen at the interest rate of 10% per annum she repaired her debt by paying 13500 after 1 year 3 months what was the sum of money brought by lalita?

Answer 1

Answer:

we know SI = P x T x R

100

SI = Interest P = Borrowed amount (Principal)

T = Time R = Rate

now,

13500 = P*10* 15/12 ( 1 year = 12months + 3mnths)

13500 = p * 10 * 15

100 * 12

13500 * 100 * 12. = P

10 * 15

P = 1,08,000 is the amount she borrowed

Verification = 1,08,000 * 10% * 15/12 = 13500

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