Postal or Sorting Assistants Model Paper 10 With Solutions

Question : 16 of 100

Marks: +1, -0

If a person repaid ₹ 22500 after 10 years of borrowing a loan, at 10% per annum simple interest find out what amount did he take as a loan?

Solution:

(b) Let P = ₹ x
SI

={ x ×10 ×10}/100 × x

A = P + SI
22500=x+x
2x=22500
x= 11250
∴He took 11,250 as a lone.

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