Raju took a loan at 8% per annum simple interest for a period of 5 years. At the end of five years he paid Rs.10640 to clear his loan. How much loan did he take?
Because S.I is always equal in every year , so in 5 years with 8 % rate S.I 40 % of P
Amount is 40 % of P
Amount is 140 % of P so , p is