Practicing Success
Practicing Success
CUET Preparation Today
A borrowed a loan from B at 4% p.a. simple interest for 6 years and repaid the loan amount Rs.43400 with interest. The amount of loan taken by A (in Rs.) is: |
22000 32000 35000 28000 |
35000 |
Total interest for 6 years = 4% x 6 = 24% Therefore, Amount = 124% of principal ⇒ Principal = \(\frac{43400 × 100}{124}\) = ₨.35000 |
