Question

Mr. Sharma takes loan of * 25000 and
repays an amount of 31000 at the end of
2 yr. What is the rate of simple interest at
which he repays the loan?​

Answer 1

Answer:

prt/100-formula

Step-by-step explanation:

principal-25000

rate-r

time-2yrs

si-31000-25000

 =6000

25000*r*2/100=6000

250*2*r=6000

500r=6000

r=6000/500

 =15%

Answer 2

Step-by-step explanation:

principal=25000

amount paid =31000

Interest =31000-25000=6000

no of years=2

interest =pnr/100

6000 =25000*2*r/100

r = 6000*100/25000*2

=12%

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