Multiple choice

If Meena pays an interest of Rs $45$ for one year at $9$% rate p.a. How much did she borrow?

  1. Rs $400$
  2. Rs $300$
  3. Rs $500$
  4. Rs $200$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Using the simple interest formula I = (P * R * T) / 100, we have 45 = (P * 9 * 1) / 100. Solving for P gives P = (45 * 100) / 9 = 500.

AI explanation

Using the simple interest formula, we have Principal = (Interest * 100) / (Rate * Time). Substituting the given values, we get Principal = (45 * 100) / (9 * 1). This calculates to 4500 / 9, which equals Rs. 500.

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