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Question

Lataben borrowed some money from a bank at a rate of 10% per annum interest for 212 years to start a cottage industry. If she paid Rs. 10250 rupees as total interest, how much money had she borrowed ?

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Solution

Given:
Total interest, I =Rs. 10250

Rate of interest, R =10%

Time (T) =212 years

=52 years

Principal (P) =I×100R×T

=10250×10010×52

=Rs. 41000

Hence, Lataben had borrowed Rs. 41000 from the bank.


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