Question

5. At what rate of simple interest will 5860 amount
to * 7618 in 5 years?​

Answer 1

Answer:

Rate = 10%

Step-by-step explanation:

Principal = 5860, Amount = 7618, Time = 3 years

Amount = principal + SI

7618 = 5860 + SI

SI = 7618 - 5860

SI = 1758

Rate = 100*SI /  P * T

=> 100*1758 / 5860*3

=>  10%    

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