7.
A sum of 16,000 amounts to 18,000 in 4 years.
Find the rate of interest
answer 3.125%
Answers
Answered by
2
Answer:
Given
Amount = Rs. 18000
Time = 4 years
Principle = Rs. 16000
Rate = ??
Interest=Amount−Principal Interest = Rs. 18000 - Rs. 16000}}:⟹Interest=Rs.18000−Rs.16000
Interest = Rs. 2000}}:⟹Interest=Rs.2000
Interest=
100
principle×rate×time
⟹2000=
100
16000×rate×4
⟹2000=
10
1600×rate×4
2000=160×rate×4
⟹r= 160×4=2000
r= 160×2=1000
r=
160
500
r=
16
50
r=
8
25
r=3
8
1
________________
Answered by
3
Answer:
3.125%
Step-by-step explanation:
explanation above ☝️☝️☝️☝️
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