Question

Sameer below 6000 rupees from RAM. he clear his debit by returning 64000 Ram the end of 1 year find the rate of interest charged by Ram​

Answer 1

Answer:

Sameer borrow money at 6.67 %

Step-by-step explanation:

Principal amount P =6000

He returned 6400 rs. which mean he has given 400 rs more as a simple interest for 1  years.

$SI =\frac{PTR}{100} \\400=\frac{6000 \times 1\times R}{100} \\R=\frac{400 \times 100}{6000} \\R=6.67 %$

Sameer borrow money at 6.67 %