Karan borrowed 1500 financer. after three whole one upon 2 years he pay to 2655 to the financer and clear the conse .Find the rate of interest charged?
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Karan borrowed 1500 financer. after three whole one upon 2 years he pay to 2655 to the financer and clear the conse .Find the rate of interest charged?
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Answer:
p=₹1500
t=3.5yr.
amt=₹2655
SI=amt-p
" =>2655-1500
". =>₹1155
r=SI×100÷p×t
"=1155×100÷1500×3.5
"=115500÷5250
"=22%
therefore rate is 22percent
Step-by-step explanation:
Answer:
22%
Step-by-step explanation:
To find the rate of interest charged, we can use the formula for simple interest:
Simple Interest (SI) = Principal (P) x Rate (R) x Time (T) / 100
In this case, the principal amount borrowed by Karan is Rs. 1500, and after three and a half years (3 years and 6 months or 3.5 years), he pays Rs. 2655 to the financier.
Let's plug these values into the formula and solve for the rate (R):
SI = 2655 - 1500 = 1155 (This is the interest amount paid)
P = 1500 (Principal)
T = 3.5 years (Time)
Now, we can rearrange the formula to solve for the rate (R):
R = (SI * 100) / (P * T)
R = (1155 * 100) / (1500 * 3.5)
R = (115500) / (5250)
R = 22
So, the rate of interest charged by the financier is 22%.
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