Question

Q.2. Kamla took a loan of rs. 2400 with simple interest for as many years as the rate of interest. If she paid rs. 864 as interest at the end of the loan period, what was the rate of interest?Soled\

Answer 1

Answer:

pls check the attachment

Answer 2

Answer:

6%

Explanation:

Let , T=R=X

864=( 2400× X×X) /

then,

X²=864/(2400)/

X²=864/24

X²=36

So, X= √36 =6

Hence,T=R=X=6%