Question

At what rate percent on simple interest will rs 750 amount to rs 900 in 5 yrs?

Answer 1

Answer:

r = 4

Step-by-step explanation:

In simple interest :-

An = P(1+nr/100)

Given,

An = 900

P = 750

n = 5

=>> 900 = 750(1+5r/100)

=>> 900/750 = 1+5r/100

=>> 1.2-1 = 5r/100

=>> .2×100/5 = r

=>> r = 4