Question

3. Mr Rakshit promises to pay interest to his friend when
he borrows 4,50,000 for running his business. The
business does well and Mr Rakshit pays his friend
1,50,000 as interest after one year. At what annual
rate of simple interest did he borrow money from
his friend?​

Answer 1

the answer will be 33.33℅ approximately

Answer 2

Answer:

33 1/3 and

approx 33.33

150,000/450000 x100 equal to 1500/45

33.33

33 1/3