At what rate of Interest per annum should Rita invest if she wants to grow her Rs.2500 to Rs.4000 in five years?
10%
15%
12%
13%
Answers
Answered by
19
Given:
Rita wants to grow her Rs.2500 to Rs.4000 in five years
To find:
rate of the interest
Solution:
We have given that Rita wants to invest the money to grow as it is not mentioned so the interest will be the simple interest only
Where,
Principle = ₹2500
Amount = ₹4000
So the interest is ₹1500
Time = 5 year
The formula to find the simple interest is
- SI = PRT/100
- 1500 = 2500×R×5/100
- 1500 = 125×R
- R = 1500/125
- R = 12%
So the rate of the interest will be 12%
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idk guys
Mark brainless ok
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