Yeshudas borrowed a certain amount from a Bank at an interest rate of 2.5% p.a. and after 4 years , he repaid a total amount of 46,200 to the Bank. How much amount Rohan borrowed from the Bank ?
Amount = P + I⟹ 6200 = P + I ∴ I = 46200 – P P = (SI× 100)/(R×T)⇒(46200-P× 100)/(2.5 × 4)⇒ P = 462000 – 10P ⇒ 11P = 462000 ∴ P = Rs. 42,000 IxamBee Approach: In 4 years, total interest rate = 2.5 × 4 = 10% i.e. 46,200 = 110% P = (46200 × 100)/110 = Rs. 42,000
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