Question

At what rate of interest will Rs. 8000 amount to Rs. 9600 in 5 years?

Answer 1

Question:At what rate of interest will Rs.8000 amount to Rs.9600 in 5 years ?

Answer:

4%

Given:

Principal=Rs.8000

Anount=Rs.9600

Time=5 years

To find:

Rate

Solution:-

P=Rs.8000

A=9600

We know that

Simple Interest=Amount-principal

=9600-8000

=1600

Now

$rate = \frac{s.i \times 100}{p \times t}$

$= \frac{1600 \times 100}{8000 \times 5}$

$= 4\%$

____________________

At 4% will Rs.8000 amount to Rs.9600 in 5 years

Answer 2

Answer:

4%

Step-by-step explanation: