Math, asked by AbhishekRai7049, 9 months ago

Rahul borrowed rupees 50000 from a bank on 1st March 2014 and paid ₹53, 150 on 6th October 2014 find the rate of interest charged by the bank

Answers

Answered by vbhogal5

2

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%

Previous Question

Next Question

Similar questions

History, 4 months ago

mention one economic development in the medival period ...

Math, 4 months ago

12. On a Cartesian plane, plot the points A(9,2), B(7,1). C(8,-1), and D(9, -1). A, B, and C are the vertices of a pentagon which has a single line of symmetry passing through the points A and D. Find the other two vertices and complete the pentagon...

Computer Science, 4 months ago

write the coding in vb to find the total and the percentage of marks in 3 subjects. also use if... then.... else conditional statement to display the word "excellent" if the percentage is more than 90% else it should display "can do it better" by using message box in the coding. Pls answer fast!!!

English, 9 months ago

The students patricipation in the event is a must...

English, 9 months ago

Change into passive voice learn your homework...

Physics, 1 year ago

The velocity-time graph of a coin moving on a table is shown in following figure. The mass of the coin is 10 g. How much force does the table exert on the coin to bring it to rest?

Math, 1 year ago

y.25 = 1.75-y solution...

Science, 1 year ago

04. A particles is moving in a circle of diameter 5m. Calculate the distance covered and the displacement when it completes 3 revolutions. A(15 pi metre: zero)...