a sum invested on simple interest grown r to rs22500 and re25500 in seven and nine years what is the percentage of the interest
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Answer:
12.5%
Step-by-step explanation:
from 7th yr to 9th year
i=prt/100
intrest=3000
so for 1 year interest is 1500(as it is simple intrest equal amount of inttest every year)
so for 7 years interest is 7×1500=10500
so p=22500-10500=12000
10500=12000×r×7/100
1050000=12000×7×r
r=1050000/(12000×7)
r=12.5%
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