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A man who borrowed a certain sum agrees ...

A man who borrowed a certain sum agrees to repay it by paying Rs. 4032 at the end of the first year and Rs. 10075 at the end of the second year. If the rate of simple interest is 12% per annum, find the sum borrowed.

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AI Generated Solution

To find the sum borrowed by the man, we can follow these steps: ### Step 1: Understand the Payments The man makes two payments: - Rs. 4032 at the end of the first year. - Rs. 10075 at the end of the second year. ### Step 2: Calculate the Total Amount Paid ...
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