if a farmer paid rs 2025 as intrest over 3 years at 2 % per annum to a money lender , how much loan had the farmer taken ?

Answer:

Simple Interest = SI = P x R x T /100

Principle Amount = P = ?

Rate of Interest = R = 2%

Time = T = 3 years.

Simple Interest = SI = Rs. 2025

So:

2025 = P x 2 x 3/100

6P = 202500

P = 202500/6 = Rs. 33750.

Ans: Rs. 33750.

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Ans 33750
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