ICSE Class 8 Answered
A stockbroker takes a short term loan on 05.04.2015 at 3% per month and then pays ? 1155 as interest when he repays the loan on 08.05.2015. How much money had the stockbroker taken on loan?
Asked by Cl_narayan | 19 Nov, 2019, 16:32: PM
Interest = Rs. 1155
R = 3% per month
From 05.04.2015 to 08.05.2015, the number of days are 25 + 8 = 33 days
1 month = 30 days
→ 33 days = 33/30 months = 1. 1 months
Simple Interest = (P×R×N)/100
→ P = (1155 × 100)/(3 × 1.1)= Rs. 35000
Therefore, a stockbroker took Rs. 35000 on loan.
Answered by Yasmeen Khan | 21 Nov, 2019, 19:31: PM
Concept Videos
ICSE 8 - Maths
Asked by himasriteja | 18 Oct, 2023, 11:22: AM
ICSE 8 - Maths
Asked by abhijot119999 | 11 Sep, 2022, 21:31: PM
ICSE 8 - Maths
Asked by chetandbpu | 20 Mar, 2021, 18:22: PM
ICSE 8 - Maths
Asked by sushilbablutiwari2525 | 05 Feb, 2021, 12:10: PM
ICSE 8 - Maths
Asked by devisunita1616 | 19 Sep, 2020, 17:23: PM
ICSE 8 - Maths
Asked by Sujitkumarm | 04 Jul, 2020, 21:38: PM
ICSE 8 - Maths
Asked by sraj51403 | 20 Jan, 2020, 03:34: AM
ICSE 8 - Maths
Asked by nishabiju17 | 16 Jan, 2020, 20:21: PM
ICSE 8 - Maths
Asked by Tuhinpal | 05 Jan, 2020, 12:59: PM
ICSE 8 - Maths
Asked by Cl_narayan | 29 Dec, 2019, 08:13: AM