Question #93fd1

1 Answer
Nityananda
Dec 10, 2017

8%

Explanation:

Here loan + interest = 1914 & loan (p)= 1650. So, interest (i)= 264. No of years(t)=2and rate of interest (r) =?
We know,as per simple interest formula, SI=PRT/100
rArr 264=[1650*r*2]/100
rArr 264*100 = 1650*r*2
rArr r = (264*100)/(1650*2)
rArr r = 8

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