Ram borrowed 30,000 at some rate of interest. He repaid this in two Installments 16,000 at the end of first year and 18,000 at the end of second year. What's the rate of interest?
13.33%
11%
8.6%
6.67%โ
Answers
Answered by
0
Answer:
b 11 %
Step-by-step explanation:
is answer please give e like
Answered by
0
Answer:
Step-by-step explanation:
Firstly you take out the interest by subtracting the sum of (16000+18000)which is his installments and then subtract the sum by 30000 which was the borrowed money
Then after that apply the formula of SI(SI=(P*R*T)รท100) AND YOU WILL Get 6.67 according to me
Hope you understood this one
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