Kamlaben had taken a loan of ₹ 2,500 from a moneylender. After 2 years the loan and interest due had become ₹ 4,000. What rate of interest was the moneylender charging per month?
Class 5 type detailed answer please.Spammers answer's would be reported. And top 10 answer of spammers answer's would be deleted.
Answers
Answered by
1
ANSWER:
Principal = ₹2500
Amount = ₹ 4000
Interest = (AMOUNT - PRINCIPAL) = ₹1500
Time = 2 years
:. R = 100×I÷P×T
= 100×1500÷2500×2
= 30 %
Step-by-step explanation:
As per Simple Interest this procedure is done as you told you're in class 5.
Money lent is called principal so 2500
The final money to be paid with Interest is called amount
and Amount - Principal is Interest. and hence rest os in fornt of you.
Answered by
3
Step-by-step explanation:
SI-PRN/100
A-SI+INTREST, SO 4000-2500-1500
1500-2500XRX2/100
150000 500OR
R=30%
PER MONTH, 30/12=2.5%
Similar questions