# Ankur borrowed RS 1500 from a financer . After 3 and half years he paid Rs 2655 to the financer and cleared the accounts. Find the rate of interest charged

$Interesetpaid=2655-1500=1155\phantom{\rule{0ex}{0ex}}SI=\frac{PRT}{100}\phantom{\rule{0ex}{0ex}}1155=\frac{1500\times r\times 3.5}{100}\phantom{\rule{0ex}{0ex}}r=\frac{1155}{15\times 3.5}\phantom{\rule{0ex}{0ex}}r=22\%$

Regards,

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