Surekha took a loan from yusuf at the rate of 6% per annum SI. She returned ₹7000 to yusuf after 2year.Find amount she took as loan..

Asked by guptaarti827352 | 14th Jan, 2019, 05:50: PM

Expert Answer:

According to the question,
Let Rs. P be the amount taken by Surekha as loan.
r = 6% p. a. A = Rs. 7000, n = 2 year
A = P + SI
7000 = P + Pnr/100
7000 = P + P × 2 × 6/100
7000 = P + 0.12P
7000 = 1.12P
P = Rs. 6250
Hence, Surekha taken Rs. 6250 as loan.

Answered by Sneha shidid | 15th Jan, 2019, 09:56: AM

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