Question

patil borroed some monny four years at simple instrast,the rate instrest it 8%, is he return 13200 all to gather at the end of four years. How mutch had he borrowed?

Answer 1

let the money he borrowed be p
rate =8
time=4
amount =13200
p×8×4/100=13200
p×32/100=13200
p=1320000/32
p=41250