Vinod borrowed some money for 4 years
at simple interest. The rate of interest is
10 p.c.p.a. If he returned * 21,000 altogether
at the end of 4 years, how much had he
borrowed?
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Answer:
If the amount borrowed be Rs.x, then
x×4×6100+x×8×2100+x×9×2100 = Rs.19550Th
=>12x100+16x100+18x100 = 19550
=> 12x+16x+18x
= 1955000
=> 46x = 1955000
=> x = 1955000046
= Rs.42500
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