Ramya borrowed a loan from a bank for buying a computer. After 4 years she paid ₹ 26,640 and settled the accounts. If the rate of interest is 12% per annum, what was the sum she borrowed?
Simple interest (SI) ![]()
Here,
Loan amount borrowed be P
SI = 26640-P
= 2184
Rate of interest = 12%
Time (T) = 4
Loan amount P = ![]()
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∴ Amount Ramaya borrowed =Rs 18,000
Couldn't generate an explanation.
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% per annum for 165 days.