Question

if Meenakshi pays and interest of Rupees 1500 for 4 year per annum on a sum of rupees 2500 find the rate of interest per annum

Answer 1

1500 = (2500*4*R )/100 
so, R = 15 % pa

Answer 2

Step-by-step explanation:

si= p*r*t

1500= 2500*r*4years /100

r= 1500*100/2500*4

15 percent