Question

At what rate percent on simple interest will Rs.415 amount to Rs.514 in 4 years ?
A) 4.58 %
B) 5.96 %
C) 6.52 %
D) 4.98 %

Answer 1

$<I>Heya !$

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,

Please refer to the attachment for the further solution.....

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ANSWER

The rate Percent would be :

B ) 5.96 % per annum.

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Thanks !!

Answer 2

Heyy mate❤✌✌❤

Here's your Answer...

Difference in amount = 514 - 415 = 99

99 = (415 x 4 x R)/100

R = 5.96%
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