Question

at what rate of simple interest ₹4500 will become ₹5040 after 2 years​

Answer 1

Step-by-step explanation:

Principal= ₹4500

SI=₹5040

T= 2 years

• Amount= Simple Interest +Principal
• Amount=4500+5040
• Amount=9540
• Rate= Amount×Principal/Time
• Rate= 56%