Question

riya returned a sum of rs. 1732.50 against a loan at an interest of 5% per annum for a period of two years. find the sum borrowed by her

Answer 1

Answer:

Principle p=x

Amount =1732.50

Rate=5p.a

time=2yrs

AMOUNT=(P+PRT/100)

1732.5=(P+P*5*2/100)

1732.5=(P+10P/100)

by taking LCM

1732.5= (100P/100+10P/100)

1732.5=110P/100

110P=1732.5*100

110P=173250

P=173250/110

P=1575