Question

Prem Avtar borrowed some money from a lender
lender at 25% simple
interest After 3 years he paid 4620
and settled the amount what sum
did he borrow?​

Answer 1

Answer:

$Simple \: interest = \frac{principle \times rate \times time}{100} \\ = \frac{4620 \times 25 \times 3}{100} = 3465 \\ Amount = 4620 + 3465 = 8085$

Therefore, the simple interest is ₹3465

and the sum is ₹8085