Question

Nikhil borrowed some money from money lender at 8% p. a.he paid rupees 480 as interest after 2 years .how much money did he borrow​

Answer 1

Step-by-step explanation:

Simple interest on principal amount P for T years at the rate of R % is given as:

1) Principal = 100 × S.I.

(R × T)

2) Years = (100 × S.I.)

(P × R)

3) Rate of Interest = (100 × S.I.)

(P × T)

4) Simple Interest = (P × R × T)

100

Ans of this type messages