mohit pays ₹ 8680 as an amount on the sum of ₹7000 that he had borrowed for 2 years . At whar rate of intrest he borrowed the amount?
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Answered by
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Step-by-step explanation:
Answer is R => 14.29%
A = Rs 9000
P = Rs 7000
SI = A – P = 9000 – 7000 = Rs 2000
T = 2 years
R = ?
SI = (P × R ×T) / 100
R = (SI × 100) /(P× T)
R = (2000 × 100 /7000 × 2) =14.29 %
Thus, R = 14.29%
Answered by
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Answer:
12%
the the amount Mohit Mohit paid extra as interest is 1680.
1680 24% of 7000.
which he paid in 2 years so so so for one year the rate of interest is 12%.
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