A sum of rupees 25000 amount to rupees 31400 at the rate of simple interest what is rate of interest
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Answer:
HOLA MATE HERE IS UR ANSWER☺️:
Step-by-step explanation:
HERE IF WE TAKE TIME AS 1 YEAR,WE GET:-
GIVEN IN THIS PROBLEM:-
P=25000
T=1 YEAR
S.I=6400
SO,RATE OF INTEREST IS
R=(S.I ×100)/PT
R=6400×100/25000×1
BY SIMPLIFYING
RATE OF INTEREST=25.6 PERCENT
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