Question

AT WHAT RATE OF SIMPLE INTEREST WILL RS 350 AMOUNT TO RS 455 IN 6 YEARS

Answer 1

rate of interest =?
time =6 years
interest=350
principal =455
R=I*100/P*T
350*100/455*6=81.1%

Answer 2

Rate of interest = ?
Principal = ₹ 350
Amount = ₹ 455
Time = 6 years

Simple Interest = Amount - Principal
= Rs.(455-350)
= Rs. 105

I = PRT/100
=> 105 = 350 × R × 6 / 100
=> 2100 R / 100 = 105
=> 21 R = 105
=> R = 105/21
=> R = 5%

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