Question

Lata borrowed some money from a bank at the rate of 12 pcpa simple interest for 2 and half years to start a cottage industry sheep 30,000 as total interest how much money she had borrowed

Answer 1

Answer:

Step-by-step explanation:I=PTR/100

I is interest,T is time,r is rate of interest

P=100I/pt

=100*30000/2.5*12

=100000

Answer 2

Answer:

Lata had borrowed Rs. 1,00,000

Step-by-step explanation:

A/q.

Principal = P

Rate = 12 % p.a.

Time = 2 1/2 years or 5/2 years

Simple Interest = 30,000

So,

P = 100 x SI / R x T

P = 100 x 30,000 / 12 x 5/2 years

P = 100 x 30,000 / 30

P = Rs. 1,00,000

Therefore, Lata had borrowed Rs. 1,00,000