Question

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

Answer 1

Answer:

Principal = ₹51250

Step-by-step explanation:

We know,

Principal = $\frac{interest * 100}{rate * time}$

∴ Principal = $\frac{10250*100}{ 10 * 2}$ = 51250 (ans)