Question:
If Meena gives an interest of Rs 45 for one year at 9% rate p.a.. What is the sum she has borrowed?
If Meena gives an interest of Rs 45 for one year at 9% rate p.a.. What is the sum she has borrowed?
Updated On: Mar 8, 2024
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Solution and Explanation
\(S.I=\frac{P\times R\times T}{100}\)
\(45=\frac{P\times9\times 1}{100}\)
\(P=\frac{45\times100}{9}\)
= Rs \(500\)
Therefore, she borrowed Rs \(500\).
Read more: Simple Interest
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