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$400$
• B. Rs$600$
• C. Rs$500$
• D. Rs$300$

Answer 1

The correct option is C Rs$500$

Given,

Simple interest$=Rs.45$

Rate of interest$=9\%p.a$

Time$=1year$

We know,

$S.I=\frac{PRT}{100}$

where,

P=principal

R=rate of interest

T=time

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

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

$P=\frac{4500}{9}$

$P=Rs.500$