Question

To repay a sum of money borrowed 5 months earlier a man agreed to pay Rs. 529.75. Find the amount borrowed if the rate of intrest charged was 4.5% p.a.

Answer 1

time=5 months=5/12 years
principal=529.75rs
rate=4.5pa

S.I=P*T*R/100
529.75*5*4.5/100*12
9.93

hope it is correct please forgive if it is wrong