Question

Rahul took a loan from a bank at the rate of 21% p.a. simple interest. After 4 years he had to pay Rs. 6800 as interest. The amount of loan borrowed by Rahul is _______

Answer 1

Answer:

14895.2380

Step-by-step explanation:

S.I = PTR/100,p=?,R=21% p.a,T=4 years,S.I= 6800

6800=p× 4× 21/100

P= 6800× 100/21×4 = 8095.238095

so total amount A= P+S .I = 8095.238095+6800 loan amount A =14895.2380