Question

A man
boorrowed ₹15000 & repaid ₹17496
2 yrs later. find the rate.
amount-₹17,496 principal-₹15,000 time-2yrs rate- ?? explain​

Answer 1

Step-by-step explanation:

Principle,P=Rs15000

Amount,A= Rs17496

Interest,I= A-P

= 17496-15000

I= Rs2496

Time,T=2 years

Rate,R= ?

we know that,

I=PTR/100

2496=15000*2*R/100

R=8.3%