Practicing Success
A borrowed a loan from B at 6% p.a. simple interest for 2 years and repaid the loan amount Rs.48,832 with interest. The amount of loan taken by A (in Rs.) is: |
48625 45365 43600 42058 |
43600 |
Total interest for 2 years = 6% x 2 = 12% Therefore, Amount = 112% of principal ⇒ Principal = \(\frac{48832 × 100}{112}\) = ₨. 43600 |