kamlaben been taken a loan of rupees 2500 moneylender after 2 years the loan and interest due had become rupees 4000 what rate of interest was a money lender charging per month
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Answer:
SI=PRN/100
A=SI+INTREST, SO 4000-2500=1500
1500=2500×R×2/100
150000=5000R
R=30%
PER MONTH, 30/12=2.5%
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