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If Meena gives an interest of Rs 45 for ...

If Meena gives an interest of Rs 45 for one year at 9% rate p.a.. What is the sum she has borrowed?

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To find the sum Meena has borrowed (the principal amount), we can use the formula for calculating simple interest: **Step 1: Write down the formula for Simple Interest (SI)** The formula for Simple Interest is: \[ \text{SI} = \frac{P \times R \times T}{100} \] Where: - \( SI \) = Simple Interest - \( P \) = Principal amount (the sum borrowed) ...
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