Question

Lataben borrowed some money from a bank at a rate of 10 p.c.p.a. interested from2.5years to start a cottage industry if she paid 10,250 rupees as total interest how much money had she borrowed

Answer 1

Answer:

Rs 41,000

Step-by-step explanation:

Hi,

Let 'P' be the principal amount Lataben had borrowed,

Given rate of interest 'r' = 10%

Time period = 2.5 yrs.

Total Interest she had paid is = Rs 10,250

We know, Simple Interest(I) on a principle amount P  at rate of interest 'R'

for a time period of time 'T' is given by

I = P*T*R /100

=> P*10%*2.5/100 = 10,250

=>P*(10)*(5/2)/100 = 10,250

=> P =  Rs 41,000.

Thus, a sum of Rs 41,000 Lataben had borrowed.

Hope, it helped !

Answer 2

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