The interest paid is Rs 10000
The rate of interest is 20%
Step-by-step explanation:
Step 1 :
Amount borrowed by Mr. Satyal = Rs 50000
Amount repaid = Rs 60000
Interest is charged on the principal amount and the amount repaid will be the sum of the interest paid plus the principal amount
Hence the interest paid is 60000 - 50000 = Rs 10000
Step 2:
The rate of interest is calculated as follows :
Divide the interest calculated by the principal amount and is expressed as percentage.
Hence the interest rate =
× 100 = 20%
Step 3 :
The interest paid is Rs 10000
The interest rate is 20%
My answer would be to add 3 to both sides
Answer:
17=s+7
-7 -7
-----------
10 0
s=10
Step-by-step explanation:
-Subtract 7 from both sides
-Remove the 0 and the addition sign
-You are now left with the equation s = 10
-Once you check to make sure 10 + 7 = 17 you have your answer
Hope this helps :))
Jenny spent 25 minutes reading
The increase is $984 and the new price is $18,875