Question

Zenia borrowed some money from a bank at a rate of 10 PCPA for 2 and half years to start a business if she paid rupees 10,250 as total interest, how much money has she borrowed​

Answer 1

Answer:

R = 10%

I = 10,250

T = 2.5 yrs

P = ?

P = (I x 100) / (R x T)

= (10,250 x 100) / (10 x 2.5)

= (10,250 x 100 x 10) / (10 x 25) (removing the

decimal from 2.5)

= (10,250 x 4)

P = 41,000

hence amount borrowed by Zenia is 41000