Business Studies, asked by jaiswalmayur7864, 11 months ago

A pressure cooker is available for 250 rupee cash or 100 cash down payment followed 165 rupee after 6 month .Find the the rate of interest charged under the installment plan

Answers

Answered by SatyaPrakashsamal
9

intrest

=(100+165)-250

=265-250

=15

Rate of intrest

=15/250×100

=6%

I hope you will get the answer from it.

This is a short method for finding rate of interest charged.

THANK YOU!

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