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3 years ago

7

Mr Satyal borrowed Rs 50000 and after ane year she returned the loan by paying 60000. What is the intrest paid and what is the r

ate of the interest?

1 answer:

Hatshy [7]3 years ago

5 0

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 = $\frac{10000}{50000}$ × 100 = 20%

Step 3 :

The interest paid is Rs 10000

The interest rate is 20%

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Step-by-step explanation:

Given

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2 years ago

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Pavlova-9 [17]

Answer:

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Step-by-step explanation:

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$|0+20|\leq 10$

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3 years ago

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