Mayal borrowed rs 8,450 from ankit . at the and of 4 year maval had to nav back rs 12,506 what was the rate of interest

ans 12% p.a.

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Simple interest on Rs 8450 at R % p.a. for 4 years,

S.I. =

  • -1

 8450 * R * 4 /100 = 

SI = Amout - Principal

SI = 12506 - 8450

SI = 4056

8450 * R / 25 = 4056

8450 * R = 4056 * 25

R = 4056  * 25 / 8450

R = 12%

Ans: 12%

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  • 3
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