Question

At what rate of simple interest will Rs.5000 amount to Rs.6050 in 3 years 4 months
some one answer fast

Answer 1

Answer:

6.3%

Step-by-step explanation:

Principal (P) = Rs.5000

Amount (A) = Rs.6050

Simple Interest (SI) = A-P = Rs.(6050-5000) = Rs.1050

Time (T) = 3 years 4 months = 40 months = 40/12 years = 10/3 years

Let the Rate of simple interest be R.

SI = PRT/100

=> 1050 = 5000 × R × 10/3 × 1/100

=> R = 1050 × 3/500

=> R = 6.3%

Answer 2

Answer..... sahi hai ya galat please comment me....