Harish borrowed a certain sum of money from Girish at $6 \frac{2}{3} %$ simple interest. If he paid an interest of $R s . 700$ for $100$ days, how much money did Hari borrow from Girish?

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Solution

$I n t e r e s t = 700$
$T i m e = 100 d a y (3.28 y e a r)$
$S i m p l e i n t e r e s t = 700$
$R a t e o f i n t e r e s t = 6.66$
$I = \frac{P \times R \times T}{100}$

$700 = \frac{P \times 6.66 \times 3.28}{100}$

$P = \frac{700 \times 100}{6.66 \times 3.28}$

$P = \frac{70000}{21.84}$

$P = ₹ 3205.12$

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Harish borrowed a certain sum of money from Girish at 623% simple interest. If he paid an interest of Rs.700 for 100 days, how much money did Hari borrow from Girish?

Interest=700Time=100day(3.28year)Simpleinterest=700Rateofinterest=6.66I=P×R×T100700=P×6.66×3.28100P=700×1006.66×3.28P=7000021.84P=₹3205.12

Harish borrowed a certain sum of money from Girish at $6 \frac{2}{3} %$ simple interest. If he paid an interest of $R s . 700$ for $100$ days, how much money did Hari borrow from Girish?