Question

7. A farmer takes a loan of 78400 at the simple interest rate of 7
per
time will he have to pay 10 920 to clear the debt?
8. Samir borrows 760 000 from Rahim. He clears his debt by returning
the end of 12 months. Find the rate of interest charged by Rahim.
nk a loan of 6 lakh from his friend at the simple interest rate of 9
cleared his debt by paying 3 lakh and giving his
bled in 16 years​

Answer 1

formula =a=(1+-7÷100)

78400÷100=784×107