please answer this is urgent question please
lataben borrowed some money from a bank at the rate of 8 p.c.p.a interest fo 21/2 years to start a cottage industry if she paid 10250 as total interest how much money she had to borrowed
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please answer this is urgent question please
lataben borrowed some money from a bank at the rate of 8 p.c.p.a interest fo 21/2 years to start a cottage industry if she paid 10250 as total interest how much money she had to borrowed
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Answer:
₹ 51,250
Step-by-step explanation:
Lataben borrowed some money from a bank at an interest of 8 p.c.p.a
Time =2 1/2
years
Total interest paid =Rs.10,250
also given, to find out how much amount did Lataben actually borrow from the bank.
Let the money borrowed be = p
[tex]i = \frac{p \times t \times r}{100} [/tex]
[tex]i = \frac{p \times 2 \frac{1}{2} \times 8 }{100} [/tex]
[tex]10250 = \frac{p \times \frac{5}{2} \times 8 }{100} [/tex]
[tex]10250 \times 100 = p \times \frac{40}{2} [/tex]
[tex]p = \frac{10250 \times 100}{20} [/tex]
[tex]p = 10250 \times 5 = 51250[/tex]
Amount taken by Lataben from bank = 51,250 ₹