Question

Rajan repays Rs.72000 after 8 years on 10% Simple Interest. Find his loan amount.​

Answer 1

Step-by-step explanation:

simple interest=

$\frac{p \times n \times r}{100} \\ 72000 = \frac{p \times 80}{100 } \\ 7200000 = 80p \\ p = 90000$

Answer 2

Answer:

₹57200

Step-by-step explanation:

P=₹ 72000

N= 8years

R=10%

$SI=\frac{PNR}{100}$

SI = 72000*8*10/100

SI=7200*8

SI=₹57200

therefore the Simple Interest is ₹ 57200