Math, asked by pratyush3755, 1 month ago

rahul borrowed ₹50000 from a bank on 1 March 2014 and paid ₹53150 on 6 october 2014 . find the rate of interest charged by the Bank

Answers

Answered by akanksha1536

3

Answer:

No of days = 219

Interest charged for 219 days = 3150

Rate of interest for 219 days=3150/50000 =6.3%

Hence yearly interest rate charged:

=6.3 x 365/219

=10.5%

HOPE IT WILL HELP YOU..!

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