Question

A sum of 1500 has a simple interest of 900 after 2 years

Answer 1

Step-by-step explanation:

Answer:

1500×24+1500×24/100

=907538

Answer 2

Given: A sum of 1500 has a simple interest of 900 after 2 years.

To find: The rate of interest.

Solution:

The simple interest on a principal amount can be calculated by using the formula as shown below.

$I = \frac{P*R*T}{100}$

Here, I is the simple interest, P is the principal amount, R is the rate of interest and T is the time in years. Now, the values given in the question must be substituted and the rate of interest can be calculated.

$900 = \frac{1500*R*2}{100}$

$R = 30$

Therefore, the rate of interest is 30%.

Although part of your question is missing, you might be referring to this full question:

A sum of 1500 has a simple interest of 900 after 2 years. What is the rate of interest?