Question

Rachna borrowed a certain sum at the rate of 15%per annum.if she paid at theend of two year rs 1290 as interest compound anually. find the sum she borrowed

Answer 1

Step-by-step explanation:

1. PRN ÷100
2. P = 1290 ; R = 15% ; N = 2 years
3. 1290 × 15 × 2 ÷ 100
4. 1290 × 30 ÷ 100
5. 38700 ÷ 100
6. borrowed rupees = 387