a man got simple interest of rupees 750 on a sum of rupees 2500 in 4 years find the rate of interest per annum
Answers
Answered by
5
let the rate of interest be %
simple interest=[principal ×rate×time]/100
750=[2500×%×4]/100
750/4×100/2500=%
7.5=%
the rate of interest per annum is 7.5%
if you like my answer then please mark in brain list
simple interest=[principal ×rate×time]/100
750=[2500×%×4]/100
750/4×100/2500=%
7.5=%
the rate of interest per annum is 7.5%
if you like my answer then please mark in brain list
Answered by
0
Answer:
7.5%
Explanation:
Let rate be x%
2500*4*x%
------------------ = 750
100
750/4×100/2500=x%
7.5=x%
Similar questions