Question

If Aradhya pays an interest of ₹ 1500 for 4 years on a sum of ₹2500. find the rate of interest per annum.

Answer 1

Answer:

rate = 15%

Step-by-step explanation:

interest = principle × rate × time /100

1500 = 2500 × rate × 4/100

rate = 1500 / 25 × 4

rate = 15 %