Question

If Meena gives an interest of Rs 45 for one year at 9% rate p.a.. What is the sum she has borrowed?

Answer 1

$S.I=\frac{P\times R\times T}{100}$

$45=\frac{P\times9\times 1}{100}$

$P=\frac{45\times100}{9}$

= Rs $500$

Therefore, she borrowed Rs $500$.

Read more: Simple Interest