A weaver paid RS 18422 to clear a loan of Rs 15100after 2 years .At what rate of interest was the loan taken?
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Answered by
1
=100 I /(p*n)
=100*3322/(15100*2)
=100*3322/(15100*2)
Tasmiakhan:
i didn't understand
p=15100 n=2 i=3322 formula is i=(p*n*r)/100 then substitute the values in above formula and get r
Answered by
10
Simple interest + Principal = Amount
Simple interest + 15100 = 18422
Simple interest = 18422- 15100
Simple interest = 3322
Simple interest = P × R × T /100
3322 = 15100 × R × 2 / 100
R = 3322 × 100 / 15100 × 2
R = 1661 / 151
Rate of interest = 11 %
hope it helps.......
Mark it as brainliest answer please ....
Simple interest + 15100 = 18422
Simple interest = 18422- 15100
Simple interest = 3322
Simple interest = P × R × T /100
3322 = 15100 × R × 2 / 100
R = 3322 × 100 / 15100 × 2
R = 1661 / 151
Rate of interest = 11 %
hope it helps.......
Mark it as brainliest answer please ....
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