Question

At what rate percent per annum rupees 2500 bring rupees 375 as interest for three years

Answer 1

Answer:

5% p.a

Step-by-step explanation:

is the answer

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Answer 2

Given,

Rupees 2500 brings rupees 375 as interest for three years

To Find,

The rate percent =?

Solution,

We can solve the question as follows:
It is given that Rs. 2500 brings Rs. 375 as interest for three years. We have to find the rate percent.

$Principal\: amount = Rs. 2500$

$Simple\: interest = Rs. 375$

$Time = three\: years$

$Rate =?$

The formula for simple interest is given as:

$Simple\: interest = \frac{Principal*Rate*Time}{100}$

To find the rate percent, we will substitute the values in the above formula,

$375 = \frac{2500*R*3}{100}$

$375 = 25*R*3$

$375 = 75R$

$R = \frac{375}{75}$

$R = 5$%

Hence, the rate percent is 5% per annum.