Math, asked by damonnanki, 9 months ago

A man borrows 360. If he pays it back in 12 monthly installments of 31.50, what

is his interest rate ?

Answers

Answered by payallaxman6

2

Total amount paid in 12 month = 31.50 * 12 = 378 Interest paid = 378 = 360 = 18

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