1.

4. Surekha took a loan from Yusuf at the atper annum S1,She returnedて741of 6%to Yusuf after 2 years. Find the amount shetook as loan

Answer»

Interest for 1 year = 6%

Interest for 2 years = 6 x 2 = 12%

Find the loan amount:

Payment of the loan = 100 + 12 = 112%

Payment of the loan = $7000

112% = $7000

1% = 7000 ÷ 112 = $62.50

100% = 62.5 x 100 = $6250



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