Mohan borrowed some money at 12 % per annum He had to pay rupees 168 as interest after 2 - Maths - Real Numbers

Question

Mohan borrowed some money at 12 % per annum He had to pay rupees
168 as interest after 2 years and 4 months what some did he borrow?

Manbar Singh · Accepted Answer

Let P be the sum borrowed
Rate, R = 12% p a
Time, T = 2yrs 4 months = 2412 yrs = 73 yrsInterest, I = Rs 168⇒PRT100 = 168⇒P×12×7100×3 = 168⇒7P = 168 × 25⇒P = 600So, required sum = Rs 600

Mohan borrowed some money at 12 % per annum .He had to pay rupees 168 as interest after 2 years and 4 months. what some did he borrow?