Question

If a bank is giving 17445 rupee from 15000 in 1.5 year then what's the yearly interest?

Answer 1

Answer:

10.8666

Step-by-step explanation:

let the yearly interest is a

then

     (15000 X 1.5 X a)/100 = (17445-15000)

   or  (150 X 1.5 X a) =2445

  or  225 X a =2445

 or a= 2445/225

 or a  = 10.8666