Question

A person deposits Rs 25000 in a firm who pays an interest of Rs 2500 after 2 years. Calculate the rate of interest
which he will get after 3
please answer

Answer 1

Step-by-step explanation:

Given Principal amount P = Rs 25000 Time period T = 1 year Rate of interest R = 20% p.a. We know that simple interest = (P × T × R)/100 On substituting these values in above equation we get SI = (25000 × 1 × 20)/100 = Rs 5000Read more on Sarthaks.com - https://www.sarthaks.com/685747/person-deposits-25000-firm-pays-interest-rate-annum-calculate-income-gets-from-annually