Question

Lataben borrowed some money from the bank at a rate of 10 percent, interest for 2 and a half year to start a cottage induindustry.If she paid rupees 10250 as total interest, how much money had she borrowed?

Answer 1

Answer:

41000

Step-by-step explanation:

Simple Interest is given by ,I = P*T*R/100,

  where P is the Principle amount

            T is the time period and

            R is rate of interest.

Given, I = 10250, T = 5/2 and R = 10% On solving for P we get

P = 41000 rupees.

Answer 2

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Here is your answer.
R = 10%
T = 5/2 years
SI = Rs 10,250
Let Principal is Rs P

As we know the formula

SI = PRT/100

$10250 = \frac{p \times 10 \times 5}{100 \times 2} \\ p = \frac{10250 \times 100 \times 2}{10 \times 5} \\ p = 205 \times 200 \\ p = 41000$
Therefore Principal is Rs 41,000

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