Math, asked by vineethalal1968, 2 months ago

Rani took a loan of 50000 rupees from axis bank after 2 years he repaid 60000 rupees to close the loan?
a) What is the amount of interest?
b) What is the interest for one year?
c)Find the rate of interest?​

Answers

Answered by trksnarajput
2

Answer:

total amount = Principal amount +Simple interest

SI = total amount-Principal amount

60000-50000=10000

rate of interest = si x 100/ Principal x time

R = 10000x100/ 50000 x 2

R = 10 %

Similar questions