at the certain rate of interest the interest after 3 years on rupees 10000 principal is 1800 rupees what would be the interest on rupees 25000 at the same rate of interest for the same period?
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Answer:
We know that SI=
100
PRT
Given principal=Rs.5000, time=4 years and S.I.=Rs.1200
i.e.,
100
5000×4×R
=1200
Then, rate of interest i.e.,R=6%
Now,
R=6%,P=Rs.1200 and time=4years
Then S.I.=
100
PRT
=
100
1200×6×4
=Rs.288
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