Question

Sanju borrowed a sum of money from Simran at 8 % interest per annum after 4 years Sanju had to give Simran rupees 9900 to clear the debt. what was the amount Sanju borrowed originally?

Answer 1

LET The sum of money borrowed be x. Rate of interest=8% Time=4 years Simple interest=(p*r*t)/100 =8x/25 Amount after 4 years=p+simple interest =X+8x/25 =33x/25 A/q aMount after 4 years=9900 33x/25=9900 X=(9900*25)/33 X=7500