Question

a certain sum of money at simple interest amount rs 1312 in 4 years and rs 1568 in 6 yrs then find the rate of pcpa​

Answer 1

Answer : 9.75% ✔✔

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Solution :

Given that :

Initial amount = 1312 Rs. (Here, we are considering as Principal)

Final amount = 1568 Rs.

So, interest = 1568 - 1312 = 256 Rs.

Time = 6 - 4 = 2 years

Rate of interest = ?

As we know that :

Simple interest = (P × R × T) / 100

=> 256 = (1312 × R × 2) / 100

=> R = (256 × 100) / (1312 × 2) = 9.75 %

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I hope it will help you ☺

Fóllòw Më ❤