a
300
450
3 years
5 years
5%
6%
6
Af rs 750 amounts to rs 885in three years at simple interest, find the rate of interest
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Answer:
the rate of interest is 6 %
Step-by-step explanation:
according to given
P amt = 750
time = 3 yr
assume that rate of interest is R
simple interest = 885 - 750 = 135
we know that SI = ( P*T*R)/100
so
135 * 100 = (750 * 3 * R )
R = 6 %
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