Question

At what rate percent on simple interest will Rs.415 amount to Rs.514 in 4 years ?

Answer 1

$<b>Heya !$

Here's your answer !!

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Principal Amount ( P ) = ₹ 415

New Amount = ₹ 514

Simple Interest ( S.I. ) = ?

=> ₹ 514 - ₹ 415

=> ₹ 99

Time ( T ) = 4 years

Rate % ( R ) = ?

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We know,

$\bf = > \: s.i. \: = \: \frac{p \: \times \: r \: \times \: t}{100} \\ \\ = > \bf \: 99 \: = \: \frac{415 \: \times \: 4 \: \times \: r}{100} \\ \\ = > \bf \: r \: = \: \frac{99 \: \times \: 100}{415 \: \times \: 4} \\ \\ = > \bf \: r \: = \: 5.96 \: \%$


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ANSWER

The rate Percent would be 5.96 % per annum.


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Thanks !!

Answer 2

Hey mate❤✌✌❤

Here's your Answer.....

A.T.Q.

=> 99 = (415 × 4 × x)/100

=> x = 99 ×5/83

=> x = 5.96%.
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