at what rate of interest p. a. Rs. 2500 will bring Rs. 375 as interest for 3 years
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Answered by
6
Simple Interest = P*R*T/100
= 2500*R*3/100 = 375
R = 100*375 = 37500/3 = 12500/2500
R = 5%p.a
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Answered by
4
As we know that RATE = I × 100/P+ T
Here, P(Principal) = ¥2500
Time = 3 years
Interest = ¥ 375
So, RATE = 375 × 100/ 3 +2500
= 37500 / 2503
= 14.98 %
Hence , the rate of the given question is 14.98 %
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Here, P(Principal) = ¥2500
Time = 3 years
Interest = ¥ 375
So, RATE = 375 × 100/ 3 +2500
= 37500 / 2503
= 14.98 %
Hence , the rate of the given question is 14.98 %
HOPE IT HELPS U....KEEP ANSKING..✌✌
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