a sum of money become 7 by 4 of itself in 6 years at a certain rate of interest. find the rate of interest
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It's given that the sum becomes 7/4 of itself which is the total amount.
So let the P = x
Amount = 7/4 * x
S.I = 7x/4 - x = 3x /4
S.i = P×R×T/100
3x/4 = x × R ×6/100
3×100/4×6 = R
R= 13.2 %
Hope it helps
So let the P = x
Amount = 7/4 * x
S.I = 7x/4 - x = 3x /4
S.i = P×R×T/100
3x/4 = x × R ×6/100
3×100/4×6 = R
R= 13.2 %
Hope it helps
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