If Meena pays an interest of ₹ 45 for one year at 9% rate p.a, what is the sum she has borrowed?
A
₹ 550
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
₹ 500
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
₹ 450
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
₹ 400
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is B ₹ 500 Given, Meena pays an interest of ₹ 45 for one year at rate of interest is 9% p.a. So, Interest = ₹ 45 Time = 1 year Rate of interest = 9% Principal =? We know that, S.I=P×R×T100