Lataben borrowed some money from a bank at a rate of 10 p.c.p.a. interest for
years to start a cottage industry. If she paid 10250 rupees as total interest, how much
money had she borrowed ?
2
T.11
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Answer:
41000 Rupees
Step-by-step explanation:
Total interest (I) = 10250 rupees
Rate of interest (R) = 10%
Time (T) = 2 1/2
= 5/2 Years
Principal (P) = I X 100 / R X T
10250 X 100 X 2 / 10 X 5
= 41000 Rupees
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