Question

Asha borrowed some money at $12\%$ per annum. She had to pay $Rs.180$ as interest after $3$ years. What sum did she borrow?

Answer 1

Let the money borrowed by Asha be $x$

Rate of interest $=12$% per annum

Time $=3$ years

interest $=180$

According to Question

$180=3\times \frac{12}{100}\times x\Rightarrow x=\frac{6000}{12}=500Rs.$