Question

Sumeet took lean from bank at rate of $15$% pa SI. After 5 years, he had to pay $Rs.6800$ only for the period. Find the principal amount borrowed.

• A. $9000$
• B. $9066.66$
• C. $9100$
• D. $9167$

Answer 1

Answer: (B)

$9066.66$

$Principal=\frac{100\times 6800}{15\times 5}=Rs.9066.67$