at at what rate percent per annum will rupees 360 amount rupees 450 in 4 years
Answers
Answered by
1
Answer:
42657
it is divided by 4
450 yhe
Answered by
1
We know that I=
100
PTR
where I is the simple interest
P is the principal amount
T is the time period and
R is the rate of interest
and A=P+I
where A is the total amount
Given that P=1625,A=2080 and T=3
2
1
years=3.5
Therefore, 2080=1625+
100
1625(3.5)(R)
⟹455=
100
5687.5(R)
⟹R=
5687.5
45500
=8%
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