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ICSE Class 8 Answered

Uday takes a loan for 5 years at the rate of 7.5%.he calculate that by the end of the loan period,he will have repaid rs.110000 in total.how much does he borrow
Asked by sahil.khan694 | 02 Nov, 2019, 05:36: PM
answered-by-expert Expert Answer
begin mathsize 16px style straight I space equals space fraction numerator straight P space cross times space straight R space cross times straight N over denominator 100 end fraction equals space fraction numerator straight P space cross times space 7.5 space cross times 5 over denominator 100 end fraction equals space fraction numerator 37.5 straight P over denominator 100 end fraction space space space...... space left parenthesis straight i right parenthesis
straight P space plus space straight I space equals space 110000 space... space given
From space left parenthesis straight i right parenthesis comma space we space get
straight P space plus space fraction numerator 37.5 straight P over denominator 100 end fraction space space equals space 110000
rightwards double arrow 137.5 straight P space equals space 80000
rightwards double arrow straight P space equals space 80000
Therefore comma space Uday space borrowed space Rs. space 80000 space as space straight a space loan.
end style
Answered by Yasmeen Khan | 02 Nov, 2019, 05:54: PM
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