a man borrowed ₹ 3125 for c.i which amounted to ₹ 4500 in 2 years. what was the rate of interest per annum?
Answers
Answered by
1
rate of interest=3125×4500×2÷100
=281250
=281250
compundinterst:
it is the wrong answer
Answered by
2
Hi ,
Principal ( p ) = Rs 3125
Amount ( A ) = Rs 4500
Time ( t ) = 2 years
Rate of interest ( r ) = ?
Simple interest ( I ) = A - P
I = 4500 - 3125 = Rs 375
We know ,
I = ptr / 100
r = ( 100 × I ) / ( pt )
= ( 100 × 375 ) / ( 3125 × 2 )
= 6
Therefore ,
r = 6%
I hope this helps you.
:)
Principal ( p ) = Rs 3125
Amount ( A ) = Rs 4500
Time ( t ) = 2 years
Rate of interest ( r ) = ?
Simple interest ( I ) = A - P
I = 4500 - 3125 = Rs 375
We know ,
I = ptr / 100
r = ( 100 × I ) / ( pt )
= ( 100 × 375 ) / ( 3125 × 2 )
= 6
Therefore ,
r = 6%
I hope this helps you.
:)
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