Question

At what rate of interest per annul should Rita invest if she want to grow Her rupess 2500 to 4000 in five Years?

Answer 1

Amount (A) = 4000
Principal (P)= 2500
Interest generated (I)
Time (T) = 5years

I = PxRxT/100
1500=2500xRx5/100
1500=125R
1500/125=R
R= 12%

Answer 2

Answer:

12%

Step-by-step explanation:

Amount = 4000

Principal = 2500

Interest = Amount - Principal

Interest = 4000-2500

Interest = 1500

Time = 5 years

Let rate of interest be R

Formula : $SI = \frac{P \times R \times T}{100}$

$1500 = \frac{2500 \times R \times 5}{100}$

$\frac{1500 \times 100}{2500 \times 5} =R$

$12=R$

Hence Rita invested at 12%