Tandon borrowed a certain sum from a bank at the rate of 12% per annum. After 2 years, he returned 3100 to the bank. Calculate the sum of money he borrowed from the bank.
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4
Step-by-step explanation:
Given:-
Rate of interest=12%
Time=2yrs
Simple Interest=3100
Sum of money=
3100=P×12×2/100
P=3100×100/12×2
=12916.6
Answered by
0
Step-by-step explanation:
the answer is 12916.6 is this the answer
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