Question

A sum of Rs. 125000 amounts to Rs. 15500 in 4 years at the rate of simple interest. What is the rate of interest?​

Answer 1

Answer:6%

Explanation:\begin{aligned}

\text{S.I.} = \frac{P*R*T}{100} \\

=> R = \frac{S.I. * 100}{P*T}

\end{aligned}

So, S.I = 15500 - 12500 = 3000.

\begin{aligned}

=> R = \frac{3000 * 100}{12500*4} = 6\%

\end{aligned}

Answer 2

Answer:

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