Question

If Sandeep pays an interest of ₹1500 for 1 year on a sum of ₹6000, then the rate of interest is​

Answer 1

Answer:

25%

Step-by-step explanation:

• FIRST PRINCIPLE = 6000
• AND THE INTEREST ON IT = 1500

THEN THE RATE OF INTEREST IS

= 1500 × 100 / 6000 × 1 = 25%

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