Question

vivan borrowed a sum of money from a bank at 9% per annum.if he paid₹5940 as interest after three years, find the sum he borrowed and the total money he repaid

Answer 1

5940 = 9XPx3/100
after calculation
P= 22000

Answer 2

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

Step-by-step explanation:

Let the sum be x

He paid Rs.5940 as interest

Rate of interest = 9%

Time = 3 years

$SI = \frac{P \times T \times R}{100}\\5940=\frac{x \times 3 \times 9}{100}\\\frac{5940 \times 100}{3 \times 9}=x$

22000=x

Amount = Principal +Interest = 22000+5940 =27940

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

#Learn more:

Akhtar borrowed a sum of money at 21 per annum from a bank if he paid 1863.75 as interest for 5 year find the sum borrowed by him​

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