Question

Deepak borrowed ₹1500 from a financer. after
$3 \frac{1}{2}$
years he paid ₹2655 to the financer and clear the accounts. find the rate of interest charged​

Answer 1

Answer:

22%

Step-by-step explanation:

please see the attachment!

Answer 2

$SI = \frac{ P×R×T}{100}$

$2655 - 1500 = \frac{1500 \times r\times 3.5}{100}$

$1,155 = 52.5 \: r$

$r = \frac{1155}{52.5}$

$r = 22 \: \%$