Question

A labor deposited Rs 1100 for 3 years at simple interest in a Gramin Bank. At the end he received Rs 1298. He
later find out, had he produced his income certificate proof he would have got an extra 3% interest. What will
the new rate of interest?​

Answer 1

Step-by-step explanation:

In mathematics, a rational number is a number such as −3/7 that can be expressed as the quotient or fraction p/q of two integers, a numerator p and a non-zero denominator q. Every integer is a rational number: for example, 5 = 5/1

Answer 2

Answer :-

we have

• P = Rs.1100
• T = 3 years .
• Amount = Rs.1298 .
• Rate = Let R% per annum .

so,

→ Amount = P + (P * R * T)/100

→ 1298 = 1100 + (1100 * R * 3)/100

→ 1298 - 1100 = 33R

→ 198 = 33R

→ R = 6% per annum .

hence,

→ New rate of interest = 6% + 3% = 9% (Ans.)

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