Math, asked by anurag80231, 7 months ago

Rahul borrowed rs 50000from a bank on 1 March and paid rs53150on 6th October 2014. Find the rate of interest charged by the bank

Answers

Answered by rhea5941

Answer:

53,150. n = 6 Oct, 2014 - 1 Mar, 2014 = 8 months 6 days = 8 6/31 months = 254/31 months = 254 / (31*12) years. Therefore, the interest rate charged by the bank is 9.22%.

Step-by-step explanation:

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