Question

Rahul borrowed a sum of money from a money lender for which he had to pay interest at the rate of 15%.he paid Rs.10400 at the end of two years to clear the loan along with intetest.find the sum borrowed

Answer 1

Answer:

A=13520

Step-by-step explanation:

P=10,400

R=15

T=2

SI=(PRT)/100

SI=(10,400*15*2)/100

SI=3,12,000/100

SI=3,120

A=P+SI

A=10400+3120

A=13520

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Answer 2

p+I =10400
I =p×r×t/100
p(1+15×2/100)=10400
p=8000
I=2400