Question

5. Bhavesh deposited 8000 for 3 years
He received 9440 as amount. Find the
rate of interest.​

Answer 1

Answer:

6% correct answer

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Answer 2

Answer:

6% is the answer

Step-by-step explanation:

Given that ,

T=3 years

P=₹8000

A=9440

R=?

I=?

w.k.t ,

A=P+I

Therefore I=A-P

=9440-8000

=₹1440

Now,

R=(I×100) / P×T

= 1440× 100/8000×3

=144×1/8×3

=6%

Therefore 6%is the rate of interest .

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