Question

at what rate of simple interest will rs 5000amount to rs 6050in 3year

Answer 1

Intrest = p x r x t/100

1050=5000 x 3 x r/100=150r

r=7%
Intrest=ammount-principal

Answer 2

Given,

P=5000

R=?

T=3

A=6050

SI=A-P

=>>6050-5000

=>>1050

SI=(P*R*T) /100

R=(SI*100)/(P*T)

R=(1050*100)/(5000*3)

R=350/50

R=7 % p. a.

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