Question

If Meena gives an interest of Rs 45 for one year at $9\%$ rate p.a, what is the sum she has borrowed?

• A. Rs 200
• B. Rs 530
• C. Rs 550
• D. Rs 500

Answer 1

The correct option is D

Rs 500

Here,

Interest = Rs 45

Time = 1 year

Rate of interest = $9\%$

Principal = ?

We know that,

$S.I=\frac{P\times R\times T}{100}$

$45=\frac{P\times 9\times 1}{100}$

$\Rightarrow P=\frac{45\times 100}{9}$

$\therefore P=Rs.500$

The sum she borrowed is Rs 500