Question

Amit borrowed Rs 5,000 from a bank. He gave
back (repaid) his loan after 1 year. He had to pay
Rs 720 as interest on this loan. What is the
percentage of interest per annum?​

Answer 1

Answer:

take Formula PNR

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

principal = 5000

time =1 year

rate =?

si =720

$rate = 100 \times si \div p \times t$

$100 \times 720 \div 5000 \times 1$

$72 \div 5$

$13.4\%$