Question

Tapas took a loan of 62000 from a bank
for buying a motorcycle for 4 years after 4 years the total amount paid back by him to the bank is rupees 99200 find the rate of interest percent per annum at which the bank offered the loan​

Answer 1

99200-62000=37200

By Simple Interest formula

37200*100=3720000

3720000/4*62000=

15%

Mark my answer as brainliest answer

Answer 2

99200 - 62000 = interest amoun

principal * interest amount / 100 = percentage of interest