Question

Lataben borrowed some money from a bank at a rate of 10 p.c.p.a interest for 2 1/2 years to start a cottage industry if she paid 10250 rupees as total interest how much money had she borrowed?​

Answer 1

If she paid Rs.10250 as total interest for a cottage industry then the amount of money she borrowed is Rs. 41000.

Step-by-step explanation:

Let the amount borrowed by Lataben be Rs. “x”.

Rate of interest, R = 10% p.a.

Time period, T = 2½ years = $\frac{5}{2}$ years

Total Interest earned, I = Rs. 10250

The formula for the simple interest is given by,  

S.I. = $\frac{PRT}{100}$

By substituting the given values in the above formula, we get

10250 = [P*10*$\frac{5}{2}$] / 100

⇒ 10250 = [P*50]/200

⇒ P = [10250 * 200] / 50

⇒ P = Rs. 41000

Thus, the amount borrowed by Lataben was Rs. 41000.

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Answer 2

Answer:

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