Ankur borrowed RS 1500 from a financer After 3 and half years he paid Rs 2655 to the - Maths - Comparing Quantities

Question

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

Shruti Tyagi · Accepted Answer

Dear Student,

Intereset paid=2655-1500= 1155SI=PRT1001155=1500×r×3
5100r=115515×3 5r=22%

Regards,

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