Sanju borrowed a sum of money from Simran at 8% interest per annum. Af – InterviewSolution

1.	Sanju borrowed a sum of money from Simran at 8% interest per annum. After 4 years,Sanju had to give Simran ₹9900 to clear the debt. What was the amount Sanju borrowed originally?
Answer» Suppose Sanju had borrowed ₹ x from Simran.Then,Principal (P) = ₹ xRate (r) = 8% p.a.Time (t) = 4 years.Therefore, interest (SI)= Prt/100=₹ x×8×4/100 = ₹ 32x/100Amount =P+SI=₹ (x+32x/100) =₹(132x/100)This is the amount that had to be returned.Therefore,132x/100 =9900=> x =7500Therefore, sum that was borrowed = ₹x = ₹ 7500 [Answer]

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