Question

7. Sandeep borrowed Rs.6000 from his friend and
returned Rs.7500 to him after 1 year. Calculate the
rate per cent.
(a) O 15%
(b) 10%
(C) O 25%
(d) O 20%​

Answer 1

Answer:

15%

Step-by-step explanation:

P= Rs. 6000

R=?

T= 1yrs

Amount= Rs. 7500

Interest = Amount - Principal

= 7500 - 6000

= 1500 Rs.

R = I × Y / 100

R = 1500 × 1 / 100

R = 1500 / 100

R = 15%