at what rate percent annum will rupees 2500 amount to rs 3300 in 4 years
answer is 8% please give solution please
Answers
Answered by
16
Answer:
Interest earned in 4 years= 3300- 2500= 800
Interest earned in 1 year= 800÷4= 200
%age = (200÷2500)×100
=8%
Answered by
68
Step-by-step explanation:
- Principal = Rs. 2500
- Amount = Rs. 3300
- Time = 4 years
- The rate of interest.
To find the Rate percent , first we need to find the Simple Interest (SI)
The formula for finding Simple Interest, when Principal and Amount are given is:-
= 3300 - 2500
= 800
Now:-
We need to find the Rate %
As we know that the formula for finding Simple Interest is:-
Here:-
• SI = Rs. 800
• P = Rs. 2500
• T = 4 years
Substituting the values:-
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