Question

3. A sum of Rs. 15.000 amounts to Rs. 19.800 in 4 years. Calculate the rate of
interest​

Answer 1

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Answer 2

Answer:

75000 Rs

Step-by-step explanation:

Formula for Simple Interest is given by,

SI = PNR/100 where SI is Simple Interest, P is Principal Amount, N is No. of years & R is rate of Interest.

Given, SI = 19500 - 15000

i.e. SI = 4500

Substituting other given values, in the formula, we have,

4500 = 15000 * 5 * R / 100

i.e. 450000 = 75000R