Question

At what rate percent of Simple Interest will Rs.250 amount to Rs.300 in 4 years?

Answer 1

Answer:

Interest = P * T * R

100

P = Principal= 250/- R = Rate= ? T = Time = 4yrs

Amount = Principal + Interest

300 = 250 + intetest

Interest = 350-250 = 50

Substituting all values in formula

50= 250 * 4 * R

100

R = 50 * 100 = 5%

250 *4

R = 5%

Answer 2

Answer:

P=₹250,A=₹300,T=4years

Step-by-step explanation: