Question

pankaj deposited ₹ 1,50,000 in a bank at a rate of 10 p.c.p.q interest for 2 1/2 years to start a cottage industry.if she much paid ₹ 10,250 as total interest. how much money she borrowed ?
give step by step answer ​

Answer 1

Step-by-step explanation:

Here, P = 150000,

R = 10 p.c.p.a.,

T = 2 years

∴ Total interest = (P x R x T)100 = (150000 x 10 x 2)/100 = Rs. 30000

∴ Total amount = Principal + Total Interest = 150000 + 30000 = Rs 180000

∴ Pankaj will receive Rs 180000 from the bank.

Hope this helps