(Ouestion)
SACHIN TOOK A LOAN OF ₹18,000 FROM A BANK AT A SIMPLE INTREST FOR AS MANY YEARS AS THE RATE OF INTREST PERCENTAGE. IF HE PAID ₹8,820 AS THE INTREST AT THE END OF THE LOAN PERIOD ,WHAT WAS THE RATE OF INTREST?
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SACHIN TOOK A LOAN OF ₹18,000 FROM A BANK AT A SIMPLE INTREST FOR AS MANY YEARS AS THE RATE OF INTREST PERCENTAGE. IF HE PAID ₹8,820 AS THE INTREST AT THE END OF THE LOAN PERIOD ,WHAT WAS THE RATE OF INTREST?
______________________________
☆Only expert verified answers
☆ Only detailed answer
☆ No direct answer
☆ wrong and spam answer will be deleted
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[tex]\huge\fcolorbox{red}{maroon}{\color{crimson}{Ꭿᥒ᥉ᥕᥱꭱ}}[/tex]
r= x (let)
t = x
p = 18000
SI = 8820
R = 100×SI/PXT
X=49/X
X2= 49
X = 7
HENCE, R= 7%, T= 7YRS