Question

Raghav borrowed Rs.5600 and had to return Rs.6944 after 3 years. Swamy

borrowed Rs.6700 and had to return Rs.8576 after 4 years. Who paid a higher

rate of interest per annum?​

Answer 1

Answer:

Raghav paid a higher rate of interest i.e. 8%

Step-by-step explanation:

for raghv

interest= 6944-5600=1344

interest=( amount* rate*time)/100

1344=(5600*Rate*3)/100

134400=(16800 *rate)

rate=134400÷16800

rate of interest= 8%

for swamy

interest= 8576-6700=1876

interest=( amount* rate*time)/100

interest=( amount* rate*time)/1001876=(6700*Rate*4)/100

187600=(26800 *rate)

6800 *rate)rate=187600÷26800

6800rate of interest= 7%

Answer 2

Answer:

see the photo you will find your answer

Step-by-step explanation:

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