Math, asked by IronMan4477, 6 days ago

At what rate of simple interest will ₹7500 amount to ₹10,200 in 3 years?

Answers

Answered by shreyasengupta1862

1

Hi friend, hope my answer helps you :)

Amount = 10200

Principal = 7500

Therefore SI = Amount - Principal = 2700

Let Rate be R%

Time = 3 years

According to sum:-

SI = P*R*T/100

=> 2700 = 7500 * R * 3/100

=> 2700 = 225R

Therefore R = 2700/225 = 12% (Answer)

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