Ramesh lent a loan of Rs.1800 to Suresh at a simple rate of
interest for 2 years. At the end of the period, Suresh refunded
him a total of Rs.2232. At what rate of interest had Ramesh
lent the loan?
(Ans: 12%)
Answers
Answered by
4
Step-by-step explanation:
LET RATE BE x
2232=(1800*2*x)100 + 1800
2232-1800=36*x
x=432/36
x= 12
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