Question

Asha deposited ₹ 15,000 for 4 years and
earned ₹ 4800 as simple interest. Find
the rate of interest.​

Answer 1

Answer:

8% p.a.

Step-by-step explanation:

Given,

P = 15000

SI = 4800

T = 4

Find,

R

We know formula of SI is :-

(P x R x T)/100

=> SI = (PxRxT)/100

=> 4800 = (15000 x R x 4)/100

=> 4800 = 60000R / 100

=> 4800 = 600R

=> 4800/600 = R

=> 8 = R

Hence,

Rate of interest (R) is 8% per annum.

Answer 2

Step-by-step explanation:

Hope it help you

Maths Chauhan Sherya Arvind Singh