Math, asked by swagatikasahoo478, 2 months ago


Rahul borrowed 50,000 from a Bank on 1 March 2014 and paid 53,150 on 6 October
2014. Find the rate of interest charged by the Bank.​

Answers

Answered by manojgupta16189
6

Step-by-step explanation:

no. of days = 219

interest charged for 219 days = 3150

rate of interest for 219 days =3150/50000 = 6.3% hence interest rate charged = 6.3 × 365/ 219 = 10.5%

Similar questions