Math, asked by prasant977, 1 year ago

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 Monu631

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 %

prasant977: ek aur answer batao bhai

prasant977: question send kar rah hoon

prasant977: a person borrowed rs 654 . he promise to pay it in 4 year at 6% p.a. .find the amt of instalment

Monu631: First find the amount to be paid at the end of 4 year then divide it by 4.

Monu631: 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.

prasant977: answer is 186

prasant977: that's why i m confuse

Monu631: Question is correct or not ??

prasant977: correct

Monu631: According to that ,my answer is correct

Answered by Suryashrawan

Answer:

Step-by-step explanation:

2000*15===10000

Ratio---3:1

Rate

1/3*100=33*1/3%

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