Question

Sanju borrowed a sum of money from simran at 8% of interest. After 4 years sanju had to give simran 9900 rupees to clear the debt. What was the amount sanju borrowed originally?

Answer 1

let the money be x
SI=9900
R=8%
Time=4yrs
SI=P×R×T/100
9900=x×8×4/100
x=9900×100/8×4
on solving
x=30937.5