Question

₹3625for 8 years at the rate of 6% per annum

Answer 1

QUESTION:

• Find the simple interest on rs 3625 for 8 years at the rate of 6 percent per annum

We know that,

• S.I = A-P

finding the simple interest by finding the simple interest by 4495-3625=870

Now ,

$\\ \\ \\ \\ we \: know \: that : \\ \\ \\ \\ SI\: = \frac{PRT}{100} \\ \\ \\ 870 = \frac{3625 \times 2 \times \: R }{100} \\ \\ \\ \\ R = \frac{870 \times 100}{?3625 \times 2} \\ \\ \\ = 12\%$

Hence, rate of interest is 12%