Question

The repayment of a loan after 6 years at the rate of 24% simple interest is 73200rs what is the amount borrowed ?

Answer 1

$\huge\underline\blue{\sf Given:}$

Rate = 24%

Time = 6 years .

Amount paid = 73200

Question :--- We have to find principal ?

solution :----

Let P = 100 Rs.

$si = \frac{p \times r \times t}{100} \\ \\ si = \frac{100 \times 24 \times 6}{100 } \\ \\ si = 144 \\ \\ amount = p + si \\ \\ amount = 100 + 144 = 244$

Given Amount = 73200

No. of Times = $\huge{\frac{</strong><strong>7</strong><strong>3</strong><strong>2</strong><strong>0</strong><strong>0</strong><strong>}{</strong><strong>2</strong><strong>4</strong><strong>4</strong><strong>}}$ = 300 Times .

so, Our P also 300 Times = 300×100 = $\large\red{\boxed{\sf </strong><strong>3</strong><strong>0</strong><strong>0</strong><strong>0</strong><strong>0</strong><strong>\</strong><strong>:</strong><strong>Rs</strong><strong>}}$