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Mr.Ganesh took a loan of RS.5,000 on 20th jan 2012 and repaid Rs5,080 on 1st April 2012.Find the rate of simple interest |
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Answer» The loan TOOK by Ganesh on 20th JAN 2012=5000rs.The REPAID MONEY by the Ganesh on 1st APRIL 2012=5080rs.A=p(1+rt).5080=(1+r×2)5080=5000×2×r5080=10000×rr=10000-5080r=4920. |
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