Question

At what rate of simple interest will = 4500 amount to 3 5400 in 3 years?​

Answer 1

Answer:

✮Given:

Principal = ₹4500

Amount = ₹5400

Time = 3year

✮Solution:

Amount = Interest+ Principal

⇒Interest= ₹(5400-4500) = ₹900

$Rate = \frac{I×100}{P×T}$

$⇒Rate= \frac{900 \times 100}{4500 \times 3} \\ \\ ⇒Rate= \frac{90000}{13500} \\ \\ ⇒Rate= \frac{20}{3} \%$

Therefore, The rate is 20/3%