Uday takes a loan for 5 years at a rate of 7.5%. He calculate that by the end of the loan period, he will have repaid rs 1,10,000 in total. How much does he borrow pls ans it correctly it is urgent.
Answers
Answered by
1
Answer:
107.5% = 110000
Step-by-step explanation:
110000×100/107.5 =102325
please do this multiplication for answer
Answered by
3
Answer:
Step-by-step explanation:
Answer:
Rs.8000
Step-by-step explanation:
We are assuming that this is a case of simple interest
P = amount borrowed in Rs. = ?
R = rate of interest per cent per year = 7.5
T = time period in years = 5
A = amount to be repaid at the end of period T, in Rs. = 11000
SI = Simple Interest = (P*R*T)/100
A = P + SI
= P + (PRT)/100
A = P(1 + RT/100)
11000 = P(1 + (7.5*5)/100)
11000 = P(1 + 0.375)
P = 11000/1.375
P = 8000
The amount borrowed by Uday is Rs.8000
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