Question

Prem and Geeta both took a loan for ₹12000 from a bank at the same rate of interest if Geeta cleared her loan by paying ₹16320 at the end of 3 years find the: (i) interest paid by Geeta (ii) rate of interest paid by Geeta

Answer 1

Answer:

interest paid by Geeta=4320₹

rate of interest paid by Geeta=36%