Question

please answer this is urgent question please
lataben borrowed some money from a bank at the rate of 8 p.c.p.a interest fo 21/2 years to start a cottage industry if she paid 10250 as total interest how much money she had to borrowed​

Answer 1

Answer:

₹ 51,250

Step-by-step explanation:

Lataben borrowed some money from a bank at an interest of 8 p.c.p.a

Time =2 1/2

years

Total interest paid =Rs.10,250

also given, to find out how much amount did Lataben actually borrow from the bank.

Let the money borrowed be = p

$i = \frac{p \times t \times r}{100}$

$i = \frac{p \times 2 \frac{1}{2} \times 8 }{100}$

$10250 = \frac{p \times \frac{5}{2} \times 8 }{100}$

$10250 \times 100 = p \times \frac{40}{2}$

$p = \frac{10250 \times 100}{20}$

$p = 10250 \times 5 = 51250$

Amount taken by Lataben from bank = 51,250 ₹