Question

sham paid rs 9600 as interest on a loan he took five years ago @6% simple interest . what was the amount he took as loan ?​

Answer 1

Step-by-step explanation:

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Answer 2

ANSWER:  ₹32000

STEPS:- Here given: Simple Interest = rs9600, Time period= 5 years and Rate of interest= 6 percent

According to the formula: SI = (P×R×T) ÷ 100

⇒ 9600 = (P×6×5) ÷ 100

⇒ 9600 = 30×P ÷ 100

⇒ 30P = 9600×100

⇒ P = 960000 ÷ 30

⇒ P = 32000

HOPE IT HELPS  YOU :)