A sum of 28,000 amounts to 35,000 in 4 years. What is the rate of interest?
Answers
Answered by
4
Answer:
Discuss interesting Math questions and ask your own question. Discover new methods of solving math questions and ...
A gulab jamun
Answered by
18
Answer:
Rate of interest = 6.25%
Step-by-step explanation:
Amount = Principal + Simple Interest
A = P+I
35000 = 28000 +I
35000 - 28000 = I
7000 = I
I = 7000 Rs
Simple Interest = P*T*R/100
7000 = 28000*4*R/100
7000 = 280*4R
7000/280 = 4R
700/28 = 4R
25 = 4R
25/4 = R
6.25% = R
Similar questions