Question

11. Shikhar paid * 31,062.50 to clear his debt after 2.5 years for a loan of 25,000. What was the
rate of interest?
do months The bank offers an interest rate​

Answer 1

Answer:

P=25000

A=31062.5

SI=6062.5

SI=P*t*r/100

6062.5=25000*2.5*r/100

r=97%