Question

At what rate of simple interest will rupees 350 amount to rupees 445 in 6 years

Answer 1

⚡Hey mate⚡

✨Here is your answer✨

Price is = 350

Total ammount with simple interest is = 445


Then simple interest is

445 - 350 = 85

Simple interest is = 85

Price is = 350

Time is = 6 years


Formula is

$simple \: interest \: = price \: \times \: rate \: \times \: time \: \div 100$
But we want rate then formula is

Rate = simple interest × 100 ÷ price × time

Rate = 85 × 100 ÷ 350 × 6

Rate = 4.04 %

Your answer is 4.04


I hope it's helpful for you. Thank you ♥️