Practicing Success
Practicing Success
CUET Preparation Today
A borrowed a loan from B at 5% p.a. simple interest for 3 years and repaid the loan amount Rs.26450 with interest. The amount of loan taken by A (in Rs.) is: |
19950 21000 23000 23500 |
23000 |
Total interest for 3 years = 5% x 3 = 15% Therefore, Amount = 115% of principal ⇒ Principal = \(\frac{26450 × 100}{115}\) = ₨.23000 |
