Question

a sum of rupees 15000 amounts to 19800 in 4 years calculate the rate of simple interest

Step by step explain pls​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

6% p.a.

Step-by-step explanation:

The formula for Simple interest is given by,

=> SI = PNR/100 where SI is Simple interest, P is Principal Amount, N is No. of years and R is the rate of interest.

=> Given, SI = 19500 - 15000

i.e. SI = 4500

=> Substituting other given values, in the formula, we have,

=> 4500 = 15000 × 5 × R / 100

=> i.e. 450000 = 75000 R

=> i.e. R = 450000/75000

=> i.e. R = 6

So, the rate of Interest is 6% p.a...