Question

At what rate per cent per annum will ₹6300 yield an intrest of ₹2100 in 4 years? Plss With Explanation​

Answer 1

Answer:

Rate of interest

=

$\frac{100 \times si}{p \times t}$

$\frac{100 \times 2100}{4 \times 6300} \\ \frac{25}{3} \\ or \\ 8.3\%$

Answer 2

Answer:

If SI, rate of interest is 8.33% p.a.

Step-by-step explanation:

First we need to know the interest yielded is compound interest or simple. For simple interest, use the formula, Rate of interest= (100*Interest)/(Principle *Time) . Else for compound interest , use , (((interest+principle)/principle) raised to the power 1/time )-1 )/100