Question

If Meena gives an interest of $Rs.45$ for one at $9\%$ rate p.a. .. What is the sum substance has borrowed

Answer 1

Solution:

given: $S.I=Rs.45$

$R=9\%,T=1$ year

$S.I=\frac{PTR}{100}\Rightarrow 45=\frac{P\times 1\times 9}{100}$

The sum she has borrowed $P=Rs.500$