Question

Surekha took Sloan from Yusuf at the rate of 6% per annum SI . She returned ₹7000 to Yusuf 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

Answer 2

Answer:

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