Question

meena borrowed Rs 150000 from a bank to buy a car . She returned 215000 with interest after 4 years. Find the rate of interest charged by bank

Answer 1

borrowed money 150000
returned money 215000
215000-150000
65000
$215000 \div 65000 \times 100$
interest rate in four year 30.23
in one year =30.23divide 4
interest rate =7.55