A loan of rs 10000 is to be paid back in 15 equal annual instalment of rs 800. what is the average rate of simple interest earned
Answers
Answered by
15
In this question,
Principal = 10000
Time = 15 years
Amount = 15*800 = 12000
Interest = 12000-10000= 2000.
We kniw the formula,
SI = P*R*T /100
2000= 10000*R*15/100
R= 2000*100/ 10000*15
R = 20/15 = 4/3 %
Principal = 10000
Time = 15 years
Amount = 15*800 = 12000
Interest = 12000-10000= 2000.
We kniw the formula,
SI = P*R*T /100
2000= 10000*R*15/100
R= 2000*100/ 10000*15
R = 20/15 = 4/3 %
prasant977:
ek aur answer batao bhai
question send kar rah hoon
a person borrowed rs 654 . he promise to pay it in 4 year at 6% p.a. .find the amt of instalment
First find the amount to be paid at the end of 4 year then divide it by 4.
i.e. Amount to be paid after 4 years = 654+ 156.96=810.96 ,now divide it by 4 ,you will get 320.46 as the amount of installments.
answer is 186
that's why i m confuse
Question is correct or not ??
correct
According to that ,my answer is correct
Answered by
8
Answer:
Step-by-step explanation:
2000*15===10000
Ratio---3:1
Rate
1/3*100=33*1/3%
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