Question

If Meena pays an interest of Rs $45$ for one year at $9$% rate p.a. How much did she borrow?

• A. Rs $400$
• B. Rs $300$
• C. Rs $500$
• D. Rs $200$

Answer 1

Answer: (C)

Rs $500$

Simple Interest$=$Rs.$45$, $t=1$year, rate$=9$percent and $P=$

$P=\frac{S.I\times 100}{r\times t}=\frac{45\times 100}{9\times 1}=$Rs.$500$