Question

mr.jha borrowed a certain amount of money from a bank at the rate of 8 percent per year and returned the loan along with interest of RS.7000 by the end of 2yrs find the amount of sum he borrowed??​

Answer 1

Answer:

bank at the rate of 8 percent per year and returned the loan along with interest of RS.7000 by the end of 2yrs find the amount of sum he borrowed

Answer 2

Answer:

43750 Rs

Step-by-step explanation:

Mr. Jha has borrowed some money from the bank. Let us assume the amount as X

GIven interest paid is 7000Rs for 2 Years and Interest is 8% per year,

So

X*8%*2years=7000

X*0.08*2=7000

X= 7000/0.16

X= 43750