Question

6. At what rate per cent per annum will * 1625 amount to ? 2080 in 2.7 years?​

Answer 1

$\sf\small\red{Given:-}$

• Principle = 1625

• Amount = 2080

• Time = 3 1/2 = 7/2 years = 3.5

$\sf\small\red{Find:-}$

• Interest = Amount - Principal

• Interest = 2080 - 1625

• Interest = 455.

$\sf\small\red{Solution:-}$

Rate percentage = (I x 100). /. (P x T)

=> (455x100)/(1625x3.5)

=> 45500/5687.5

=> 8%

✈︎✈︎✈︎Hence, Rate Percentage = 8%