Question

at what rate of interest per annum Will a sum of rupee 8000amount to rupee 9260in 7/2 years

Answer 1

HOLA!!!

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GIVEN

Amount = Rs.9260

Principal = Rs.8000

Time = 7/2 years

Rate of interest = ?

SOLUTION

A = P ( 1 + (R×T)/100)

9260 = 8000 ( 1 + (R × 7)/(100×2))

9260 = 8000 (1+ (R× 7)/200)

9260 = 8000 ( (200 + 7R)/200)

9260 =( 1600000 + 56000R )/200

9260 × 200 = 1600000 + 56000R

1852000 = 1600000 + 56000R

1852000 - 1600000 = 56000R

252000 = 56000R

R = 252000/56000

R = 36/8

R = 9/2%

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HOPE IT HELPS YOU!!!!