Question

At what rate per cent per annum simple interest will ₹66000 amount to ₹2100 in 4 years​

Answer 1

Step-by-step explanation:

Principal,P = Rs. 66,000

Time,T = 2 years

S.I. = 72,720 - 66,000 = Rs. 6,720

Rate,R = ?

∴ S.I. = P×R×T

100

⇒ R = 6720×100

66,000×2

⇒ Rate = 5.09% per annum

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