Question

Ravindra borowed same money at the rate of 8% per annum for one year. he return 320 to clear debt.
How much money he borrowed?​

Answer 1

Answer:₹8000/27

Step-by-step explanation:

Let the money he borrowed be x.

As,the time is 1 year it does not vary wether you take SI or CI.

For your simplicity let's suppose he had taken on SI.

SI=P*R*T/100

SI=x*8*1/100

SI=8x/100

A=P+SI

320=x+(8x/100)

320=100x+8x/100

320=108x/100

x=320*100/108

x=32000/108

x=₹8000/27