A sum of Rs 28000 amounts to Rs 35000 in 4 years. what is the rate of interest
Answers
Answer:
Rate of interest = 6.25%
Rate of interest = 6.25%Step-by-step explanation:
Rate of interest = 6.25%Step-by-step explanation:Amount = Principal + Simple Interest
Rate of interest = 6.25%Step-by-step explanation:Amount = Principal + Simple InterestA = P+I
Rate of interest = 6.25%Step-by-step explanation:Amount = Principal + Simple InterestA = P+I35000 = 28000 +I
Rate of interest = 6.25%Step-by-step explanation:Amount = Principal + Simple InterestA = P+I35000 = 28000 +I35000 - 28000 = I
Rate of interest = 6.25%Step-by-step explanation:Amount = Principal + Simple InterestA = P+I35000 = 28000 +I35000 - 28000 = I7000 = I
Rate of interest = 6.25%Step-by-step explanation:Amount = Principal + Simple InterestA = P+I35000 = 28000 +I35000 - 28000 = I7000 = II = 7000 Rs
Rate of interest = 6.25%Step-by-step explanation:Amount = Principal + Simple InterestA = P+I35000 = 28000 +I35000 - 28000 = I7000 = II = 7000 RsSimple Interest = P*T*R/100
Rate of interest = 6.25%Step-by-step explanation:Amount = Principal + Simple InterestA = P+I35000 = 28000 +I35000 - 28000 = I7000 = II = 7000 RsSimple Interest = P*T*R/1007000 = 28000*4*R/100
Rate of interest = 6.25%Step-by-step explanation:Amount = Principal + Simple InterestA = P+I35000 = 28000 +I35000 - 28000 = I7000 = II = 7000 RsSimple Interest = P*T*R/1007000 = 28000*4*R/1007000 = 280*4R
Rate of interest = 6.25%Step-by-step explanation:Amount = Principal + Simple InterestA = P+I35000 = 28000 +I35000 - 28000 = I7000 = II = 7000 RsSimple Interest = P*T*R/1007000 = 28000*4*R/1007000 = 280*4R7000/280 = 4R
Rate of interest = 6.25%Step-by-step explanation:Amount = Principal + Simple InterestA = P+I35000 = 28000 +I35000 - 28000 = I7000 = II = 7000 RsSimple Interest = P*T*R/1007000 = 28000*4*R/1007000 = 280*4R7000/280 = 4R700/28 = 4R
Rate of interest = 6.25%Step-by-step explanation:Amount = Principal + Simple InterestA = P+I35000 = 28000 +I35000 - 28000 = I7000 = II = 7000 RsSimple Interest = P*T*R/1007000 = 28000*4*R/1007000 = 280*4R7000/280 = 4R700/28 = 4R25 = 4R
Rate of interest = 6.25%Step-by-step explanation:Amount = Principal + Simple InterestA = P+I35000 = 28000 +I35000 - 28000 = I7000 = II = 7000 RsSimple Interest = P*T*R/1007000 = 28000*4*R/1007000 = 280*4R7000/280 = 4R700/28 = 4R25 = 4R25/4 = R
Rate of interest = 6.25%Step-by-step explanation:Amount = Principal + Simple InterestA = P+I35000 = 28000 +I35000 - 28000 = I7000 = II = 7000 RsSimple Interest = P*T*R/1007000 = 28000*4*R/1007000 = 280*4R7000/280 = 4R700/28 = 4R25 = 4R25/4 = R6.25% = R