A farmer lents rs. 40,000 at 12%simple interest per annum. At the time of return the amount he has paid is equal to half of the principle. How much time he has taken to return the amount?
whoever answer this question first will get brainliest
whoever answer this question first will get brainliest
Answers & Comments
Verified answer
Answer:
Amount = Rs 2442
Interest = 12 % p.a.
time = 4 years
Let principle be x
simple interest =
100
x×12×4
=
100
48x
Amount =x+
100
48x
=
100
100x+48x
=
100
148x
=
25
37x
2442=
25
37x
x=
37
2442×25
=1650Rs
Answer:
1650 R.S
Step-by-step explanation:
Amount=RS 2442