Question

vivaan borrowed a sum of money from a bank at 9% per annum if he paid rupees 5940 as interest after 3 years find the sum he borrowed and the total money he repaid​

Answer 1

Step-by-step explanation:

Let the sum be x

He paid Rs.5940 as interest

Rate of interest = 9%

Time = 3 years

\begin{gathered}SI = \frac{P \times T \times R}{100}\\5940=\frac{x \times 3 \times 9}{100}\\\frac{5940 \times 100}{3 \times 9}=x\end{gathered}

SI=

100

P×T×R

5940=

100

x×3×9

3×9

5940×100

=x

22000=x

Amount = Principal +Interest = 22000+5940 =27940

Hence He borrowed the sum is Rs.22000 and the amount is Rs.27940