Question

Alok paid ₹ 6720 to clear a debt of ₹ 6000 to the bank after 1 year 6 months .what is the rate of interest charged by the bank

Answer 1

6000*i^1.5=6720 (six thousand times i to he power of 1.5 equals 6720)(i = interest rate)
i^1.5 = 6720/6000i = 1.5 root of 6720/6000i = 1.08 (3 sig fig)
Gooday...

Answer 2

rate of interest 18 % ans aaya hai