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 rate of the interest?

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%

the answer is 62.8 cubic units