Question

if meenakshee pays an interset of rs 1500 for 4 years on asum of rs 2500 find the rate of interset per annum in percent

Answer 1

Answer:

Let interest is r%

$\frac{2500 \times r \times 4}{100} = 1500$

$r = \frac{1500}{25 \times 4} = 15\% \: \: ans.$