if meena gives an interest of RS45 for one year at 9 % rate p.a. . what is the sum she has borrowed

Question

if meena gives an interest of RS45 for one year at 9 %
rate p a what is the sum she has borrowed

Manbar Singh · Accepted Answer

Dear Student,

Please find below the solution to the asked query :

Let P be the sum borrowed
Time, T = 1 yrRate, R = 9% p
a
Interest, I = Rs 45     I = PRT100⇒45 = P×9×1100⇒P = 100×459 = 500So, the sum borrowed = Rs 500

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