Question

<7,500
0. What rate gives * 280 as interest on a sum of 3 56,000 in 2 years
1. If Meena gives an interest of * 45 for one year at 9% rate p.a. W
has borrowed?
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Answer 1

$\huge{\underline{\mathtt{Answer:-}}}}$

The sum borrowed is Rs.500.

Step-by-step explanation:

Given : If Meena gives an interest of Rs.45 for one year at 9% rate p.a.

To find : What is the sum she has borrowed ?

Solution :

Applying interest formula,

I= P*T*R

Where, I=Rs.45 is the interest

R=9%=0.09 is the interest rate

T=1 year is the time

P is the principal or sum

Substitute the value in the formula,

45 = p*0.09*1

P= 45/0.09

P= 500

Therefore, The sum borrowed is Rs.500.