Question

Abdul lent some money to his friend for 6 years for which he received 2000 rupees as interest if his friend paid back a total of 12000 rupees then what was the rate of interest​

Answer 1

Answer:

Here is the ansmer

Step-by-step explanation:

Given,time =6 years

Given,time =6 yearsInterest=2000

principal=A-I =12000-2000 =10000

=10000Then,

=10000Then, r= I × 100/P×T

=10000Then, r= I × 100/P×T = 2000×100/10000×6

=10000Then, r= I × 100/P×T = 2000×100/10000×6 =10/3

=10000Then, r= I × 100/P×T = 2000×100/10000×6 =10/3 =3.3333%