Question

at what he rate of simple interest RS 4500 will become RS 5040 after 2 years

Answer 1

Answer:

Therefore, at 6% annual rate of simple interest the money Rs 4500 will become Rs 5040. Cheers!

Answer 2

Answer:

at 6%

Step-by-step explanation:

Principal (P) = 4500

Final amount=5040

Simple Interest (SI) = Final Amount minus Principal = $ 5040 minus

4500

=

540

Time (T) = 2 years

Let the required rate of interest be R%

SI equals fraction numerator straight P cross times straight R cross times straight T over denominator 100 end fraction 540 equals fraction numerator 4500 cross times straight R cross times 2 over denominator 100 end fraction space left parenthesis cross space multiply right parenthesis 54000 equals 9000 straight R straight R equals 54000 over 9000 equals 54 over 9 equals 6 percent sign

Therefore, at 6% rate per annum the money

4500 will become 5040 after 2 years.