Question
If Meena gives an interest of ₹ 45 for one year at 9 % rate p.a what is the sum she has borrowed? What is the net amount she pays at the end of one year?
[4 MARKS]
[4 MARKS]
Answer:
:
Formula: 1 Mark
Steps: 2 Marks
Answer: 1 Mark
Given,
Meena pays an interest of ₹ 45 for one year.
The rate of interest is 9 %
Interest = ₹ 45
Time = 1 year
Rate of interest = 9%
Let the principal be P
We know that,
S.I=P×R×T100
45=P×9×1100
⇒P=45×1009
∴P=₹500
The sum she borrowed is ₹ 500.
The net amount she will pay at the end of one year = 500 + 45 = ₹ 545.
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:
Formula: 1 Mark
Steps: 2 Marks
Answer: 1 Mark
Given,
Meena pays an interest of ₹ 45 for one year.
The rate of interest is 9 %
Interest = ₹ 45
Time = 1 year
Rate of interest = 9%
Let the principal be P
We know that,
S.I=P×R×T100
45=P×9×1100
⇒P=45×1009
∴P=₹500
The sum she borrowed is ₹ 500.
The net amount she will pay at the end of one year = 500 + 45 = ₹ 545.
Was this answer helpful ?
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