Question

Sunita took a loan from Yash at the rate of 6% per annum SI. She returned 56,000 to Yash after 2 years. Find the amount she took as loan.​

Answer 1

Answer:

Surekha took loan at rate of 6%

interest for 2nd year =6×2=12%

Payment of the loan =Rs7000

A=Rs7000

R=6%

time =2year

7000=p(1+(0.06)(2))

7000=p(1.12)

p=Rs6250

surekha took of loan Rs6250