Mr 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.
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54
Answer:
Interest = 640
Rate = 8%
Time = 5 & ⅓ year
= 16/3 years
so,
Si = prt/100
640 = p × 8 × 16/100× 3
640 × 3 × 100/8 × 16 = p
p = ₹ 1500
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