piyush takes loan of 10000rs. after 1 year, he takes another loan of 10000rs at the double the rate of interest .if he has to pay intrest at simple rate of interest & settles the loan by paying 23600rs at the end of the years, what is the initial rate of interest he has to pay?
Answers
Answered by
1
23600=20000+r+1/100
r=20000-23600+1/100
Similar questions