[tex]\begin{gathered} \text{Amount}=prin\text{cipal}+\text{interest} \\ 8000=P+\frac{PRT}{100} \\ \text{Here, P n}eed\text{ to find} \\ R\Rightarrow11\text{ \%} \\ T\Rightarrow\frac{3}{12}year=\frac{1}{4}\text{year} \\ From\text{ the equation,} \\ 8000=P+\frac{P\times11\times1}{4\times100} \\ 8000=1.0275P \\ P=7785\text{ \$ amount borrowed} \end{gathered}[/tex]
