A what rate percent perannum would rupees 3600 amount to rupees 4734 in 9 by1 years
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Class 11
>>Applied Mathematics
>>Basics of financial mathematics
>>Accumulation with simple and compound interest
>>At what rate percent annum will Rs. 3600
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At what rate percent annum will Rs. 3600 amount to Rs. 4734 in 3
2
1
years?
Medium
Solution
verified
Verified by Toppr
We have,
P=Rs.3600
A=Rs.4734
T=3
2
1
=
2
7
years
R=?
We know that
A=P+S.I
S.I=
100
PRT
Therefore,
A−P=
100
PRT
4734−3600=
100
3600×R×
2
7
1134=36×R×
2
7
1134=18×R×7
R=9%
Hence, this is the answer.
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Answer:-
Simple Interst is 4500-3600=900 rupeesI =PTR/100900=3600×10×R/100360 R=900R=900/360 =90/36 =15/6 %VERIFICATIONSI =3600×10×15/600=60×15=900 rupees519
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