Question

Suresh paid Rs 9600 as interest on a loan he took 5 years ago at 16% rate of simple interest. What was the amount he took as loan?

Answer 1

Answer:

P = 9600 ,T=5year ,R 16% ,SI= X

SI= P×R×T×

______

100

SI= 9600× 5 ×16

__________

100

SI= 96 ×5×16

SI=96×80

SI=. 7680

Amount=P×SI

A= 9600×7680

A=73,728,000