Ramesh borrowed some money from a moneylender to buy a new TV set. if her paid an interest of RS.2000 at the end of 2 years at the rate of 5% per annum, how much did he borrow
pls say the correct answer with explanation
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Answer:
20,000
Step-by-step explanation:
S.I = PRT/100
2000 = x * 5 * 2 / 100 (Keeping principle as 'x')
2000 = x * 10 / 100 (Multiplied 5 and 2)
2000 = x / 10 (Cancelled the zeroes)
2000 * 10 = x (Transpositioned 10)
x = 20000 (Voila!)
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