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A man borrowed some amount, after 3 years he paid Rs.10,400/- with 10% interest, then how much Amount he borrowed?
- ARs. 8000
- BRs. 9000
- CRs. 10000
- DRs. 12000
Correct answer: A
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CCommunity
Rs. 8000
principal P = ?
Rate of interest R = 10%
Time T = 3 years
Accumulated Amount A = Rs.10400/-
A = P + I
A = P + PTR/100
A = P(1+ TR/100)
Rs.10400/- = P [1 + 3*10/100]
Rs.10400/- = P [1/1 + 3/10]
Rs.10400/- = P [10+3/10] = P[13/10]
Rs.10400/- = P * 13/10
==> P = Rs.104000/13
==> P = Rs. 8000
principal P = ?
Rate of interest R = 10%
Time T = 3 years
Accumulated Amount A = Rs.10400/-
A = P + I
A = P + PTR/100
A = P(1+ TR/100)
Rs.10400/- = P [1 + 3*10/100]
Rs.10400/- = P [1/1 + 3/10]
Rs.10400/- = P [10+3/10] = P[13/10]
Rs.10400/- = P * 13/10
==> P = Rs.104000/13
==> P = Rs. 8000