Rohit borrowed rupees 4500 and returned rupees 5715 after 3 years calculate the rate of interest per annum that he paid
MahiBunny:
9%
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A=4500/-
With interest after 3years 5715, Then
5715-4500=1215
Each year = 1215/3= 405 ok...
One percentage 4500/100= 45
45×9 = 405, because..
every year interest 9%
With interest after 3years 5715, Then
5715-4500=1215
Each year = 1215/3= 405 ok...
One percentage 4500/100= 45
45×9 = 405, because..
every year interest 9%
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