Question

₹15000 is deposited at simple interest. If the amount after 8 year is ₹25800 find the rate of interest

Answer 1

Step-by-step explanation:

Principle (P)= ₹15000

Time (T)= 8 years

Amount = ₹25800

Amount = Principle + Total interest

25800 = 15000 + I

I = 25800-15000

= 10800

S.I =( P × R × T ) (Let the rate of interest be 'r')

10800 = (15000×r×8)/100

10800 = 1200r

r = 10800/1200

= 9 %

Hence, The rate of interest is 9%.

Answer 2

Answer:

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Step-by-step explanation:

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