Question

Mehta borrowed a sum of money at 8% per annum. If he paid 640 as interest after
years (5 years 4 months) find the sum borrowed by him.​

Answer 1

Answer:

Rs.2140

Step-by-step explanation:

Interest = Rs640

Rate of percent = 8%

Time = 5 years 4 months

Principle = (100×Interest) ÷ (Rate×Time)

=(100×640) ÷ (8×{5×12+4}

=Rs.1500

Prinipal = Rs.1500

Interest = Rs.640

Amount = Principal+Interest

=1500+640

= Rs.2140

Hence, the answer is Rs.2140