Q:
If a person repaid Rs. 22500 after 10 years of borrowing a loan, at 10% per annum simple interest find out what amount did he take as a loan?
Answer & Explanation
Answer: B) 11,250
Explanation: SI = PTR/100
SI = PX100/100
SI = P
So, Amount=P+SI=2P→22500 = 2P→P = 11250
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