Question

At what rate percent per annum simple interest of ₹ 4,500 amount to ₹ 5,400 in 3

years?​

Answer 1

Answer:

The rate percent should be 6 2/3% or 6.67%.

Step-by-step explanation:

Given:

• Principal (P) = ₹4,500

• Amount  (A) = ₹5,400

        So, S.I =

        A - P = 5,400 - 4,500 = ₹900

• Time (T) = 3 years

To find:

Rate % (R)

Method to find:

S.I = PRT/100

⇒ 900 = (4500 * 3 * R)/100

⇒ R = (900 * 100)/(4500 * 3)

⇒ R = 6.66666666667% ≈ 6.67% or 6 2/3%

Hope it helps!