Question

Mr. Dhoni borrowed Rs. 50000 from a money lender but could not repay any amount in a period of 4 years. The money-lender is now demanding Rs. 75000 from him. What is the compound interest rate percent per annum charged by the money lender?​

Answer 1

ANSWER

Mr. dhoni borrowed money = 50,000

moneylender demanding = 75,000

interest rate =75,000 -50,000

= 25,000

interest rate % =

$\frac{25000}{50000} \times 100 \\ = \frac{25}{5} \times 10 \\ = 5 \times 10 \\ = 50\% \: answer$

this is your answer