Mr. Mehta borrowed Rs. 20,000 from a money-lender but he could not repay any amount in a period of 4 years. Accordingly the money-lender demands now Rs. 26,500 from him. At what rate per cent per annum compound interest did the latter lend his money?
Mr. Mehta borrowed Rs. 20,000 from a money-lender but he could not repay any amount in a period of 4 years. Accordingly the money-lender demands now Rs. 26,500 from him. At what rate per cent per annum compound interest did the latter lend his money?
