Question

At what rate of SI per annum for Rs 300 in 3 years will be Rs 45

Answer 1

Answer:

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Step-by-step explanation:

Given,

Simple interest=Rs.45

Rate of interest=9%p.a

Time=1year

We know,

S.I=100PRT

where,

P=principal

R=rate of interest

T=time

45=100P×9×1

P=945×100

P=94500

P=Rs.500