at what rate of interest per annum the simple interest of rupee 300 becomes rupees 45 in 3 years
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Principal =300
Si=45
Time=3
Rate=?
SI=P*R*T/100
45=300*R*3/100
R=5%
Hope it helps.
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Answered by
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⚡Hey mate⚡
✨Here is your answer✨
Principle ammount = 300
Simple interest = 45
Time = 3 years
Rate =??????
Formula - :
Simple interest = price × rate × time ÷ 100
But we want rate then formula is
Rate = simple interest × 100 ÷ price × time
Rate = 45 × 100 ÷ 300 × 3
Rate = 5%
Your answer is 5%.
I hope it's helpful for you. Thank you ❤️❤️
✨Here is your answer✨
Principle ammount = 300
Simple interest = 45
Time = 3 years
Rate =??????
Formula - :
Simple interest = price × rate × time ÷ 100
But we want rate then formula is
Rate = simple interest × 100 ÷ price × time
Rate = 45 × 100 ÷ 300 × 3
Rate = 5%
Your answer is 5%.
I hope it's helpful for you. Thank you ❤️❤️
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