Question

alok paid rs6720 to clear a debt of rs4400 in two year and to rs4600 in three year and to in three years . Find the principal and rate of interest. ​

Answer 1

Answer:8%

Step-by-step explanation:

Given, Internal =6720−6000=720

Time = 1 year 6 month =1  

2

1

​  

year

Principal =Rs.6000

∴Rate=  

time×principal

Interest×100

​  

 

Rate=  

2

3

​  

×6000

720×100

​  

=8%