6. Find the rate of simple interest if
(i) the interest on 1000 for 5 years amounts to 300.
Answers
Answered by
0
Answer:
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Step-by-step explanation:
Principal = Rs.1000
Time = 5 years
Simple interest = Rs.300
To Find :
Find the rate of simple interest
Solution:
Principal = Rs.1000
Time = 5 years
Simple interest = Rs.300
Formula =
I = P×T×R/100
300 = 1000×5×R/100
300×100=1000×5×R
30000=5000×R
R=30000/5000
R=6
Hence The rate of interest is 6%
Answered by
1
Answer:
HOPE IT HELPED U :)
Step-by-step explanation:
Principal = Rs.1000
Time = 5 years
Simple interest = Rs.300
To Find :
Find the rate of simple interest
Solution:
Principal = Rs.1000
Time = 5 years
Simple interest = Rs.300
Formula =
I = P×T×R/100
300 = 1000×5×R/100
300×100=1000×5×R
30000=5000×R
R=30000/5000
R=6
Hence The rate of interest is 6%
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