A man takes a loan of₹ 10,000 at simple interest. He pays₹ 5,000 at the end of the first year and 6,500 at the end of the second year and clears the debt. If the rate of interest is the same in both t

Tanush · 13 Jun 2024

7.5% is the right answer

Chandni · 13 Jun 2024

Answer is 10%

nikhil · 13 Jun 2024

Sorry in last it's 7.5 not 1.5

nikhil · 13 Jun 2024

It's 7.5 as total simple interest is 11500-10000= 1500 and 1500/10000×100= 15 for two years, it's 15/2 = 1.5