Math, asked by assenshiyaassi, 10 days ago

Mr.A borrowed ₹20,000 from a money lender but he could not repay any amount in a period of 4 years, so the money lender demanded ₹26,500. What is the rate of interest charged?

Answers

Answered by hibbafatima1214

2

Answer:

here is your answer

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Answered by dazzlingdaffodils

0

Answer:

R = rate of interest

interest(I) = 26500-20000=6500

principal amount (P) =20000

no of years( N) =4

I = (PNR)/100

(I×100)÷(P×N) = R

(6500×100)÷( 20000 × 4) =650000÷80000=8.125%

Step-by-step explanation:

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