Question

A loan of Rs 6625 is returned in 2 equal annual instalment of Rs 3920 each. Find the interest.​

Answer 1

Explanation:

total amount paid after the installment = 3920×2= 7840

Therefore original amount + interest would be 7840

6625 + x%of 6625 = 7840

x/100 × 6625 = 7840-6625

66.25x = 1215

x = 1215/66.25= 18.339

the question may vary depending on the interest based on first and second installment.