Question

Farid took a loan of rs 18,000 from a bank from simple interest for as many years as the rate of interest per cent. If he paid rs 8,820 as the interest at the end of the loan period, what what was the rat of interest?​

Answer 1

Step-by-step explanation:

how to solve this question

Answer 2

Answer:

r= x (let)

t = x

p = 18000

SI = 8820

R = 100×SI/P×T

X=49/X

X2= 49

X = 7

HENCE , R= 7% , T= 7YRS