Question

please answer this is urgent question please 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:

Given,

Lataben borrowed some money from a bank at an interest of 10 p.c.p.a

Time =21/2 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 =PI= 100

P×T×R⇒I= 100

P×21/2 ×10⇒10,250=100

P× 25

​×10

10,250×100=P×25

P= 251

10,250×100

​P=10,250×4=41,000

Amount taken by Lataben from bank =41,000Rs

Answer 2

Answer:

If she paid Rs.10250 as total interest for a cottage industry then the amount of money she borrowed is Rs. 41000.

Step-by-step explanation:

Let the amount borrowed by Lataben be Rs. “x”.

Rate of interest, R = 10% p.a.

Time period, T = 2½ years =  years

Total Interest earned, I = Rs. 10250

The formula for the simple interest is given by,  

S.I. =

By substituting the given values in the above formula, we get

10250 = [P*10*] / 100

⇒ 10250 = [P*50]/200

⇒ P = [10250 * 200] / 50

⇒ P = Rs. 41000

Thus, the amount borrowed by Lataben was Rs. 41000.