Prem and Geeta both took a loan for ₹12000 from a bank at the same rate of interest if Geeta cleared her loan by paying ₹16320 at the end of 3 years find the: (i) interest paid by Geeta (ii) rate of interest paid by Geeta
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Prem and Geeta both took a loan for ₹12000 from a bank at the same rate of interest if Geeta cleared her loan by paying ₹16320 at the end of 3 years find the: (i) interest paid by Geeta (ii) rate of interest paid by Geeta
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Answer:
interest paid by Geeta=4320₹
rate of interest paid by Geeta=36%