at a certain rate of simple interest rupees 40 50 amount to rupees 457 6.50 in 2 years at the same rate of simple interest how much would rupees 100000 amount to in 3 years
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Amount=4576.50
Principal =4050
Rate =r
Time= 2 years
S.I. =526.50
Formula = S.I. =P×R×T÷100
526.50 = 4050×2×r÷100
526.50 = 81r
r = 526.50÷81
r = 6.5%
S.I. when
P = 10000
R = 6.5%
T = 3 years
S.I. = 10000×6.5×3÷100
S.I. = 100×65×3
S.I. =195×100
S.I. =19500. Ans
Answer = 19500
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