document.write( "Question 1010967: What sum of money lent out at simple interest will amount to Rs 3700 in 4 years at 1% per month \n" ); document.write( "
Algebra.Com's Answer #626482 by macston(5194)\"\" \"About 
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\n" ); document.write( "total interest = (1%/month)(12 months/year)(4 years)=48%
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\n" ); document.write( "Let X = original amount
\n" ); document.write( "original amount + interest = final amount
\n" ); document.write( "X + 0.48X = Rs 3700
\n" ); document.write( "1.48X = Rs 3700
\n" ); document.write( "X=Rs 3700/1.48
\n" ); document.write( "X=Rs 2500
\n" ); document.write( "ANSWER: The original loan amount is Rs 2500.
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