Question

14. If the simple intrest on 3600 is more than the intrest on 3200 in 3 years, find the rate of intrest​

Answer 1

Answer:

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Answer 2

Time , T = 3 yrs Interest ,

I 2 = P 2 × R × T 1 100 = 3200 × R × 3 100 = Rs 96 R Now , according to question , I 1 - I 2 = Rs 108 ⇒ 108 R - 96 R = 108 ⇒ 12 R = 108 ⇒ R = 9 So , rate of interest = 9 % p .