# A person took a certain amount of money as loan from a cooperative bank at an yearly interest of 12% to establish a poultry.He has to give a monthly interest o Rs. 378.How much money had he taken as loan?

2
by Mixture

2014-11-04T19:12:45+05:30

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Assuming simple interest,
rate = 12%
time = 1/12 years
SI = Rs. 378
Principal = P

He had taken Rs. 37800 as loan.
2014-11-04T19:52:45+05:30
Simple
do it by simple interest

SI =PTR BY 100
ANS =RS. 37800
SI = PTR/100
therefore P=100*S.I/T*R=rs.37800
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