Question

What rate gives 280 as interest on a sum If Meena gives an interest of * 45 for one year at 9% rate p... What is the sum she has borrowed?​

Answer 1

Answer:

Given,

Simple interest=Rs.45

Rate of interest=9%p.a

Time=1year

We know,

S.I=100PRT

where,

P=principal

R=rate of interest

T=time

45=100P×9×1

P=945×100

P=94500

P=Rs.500

Step-by-step explanation:

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