Question

At what rate percent per annum the s.i on rs 12500 in 4/3/4 years is rs 2375.​

Answer 1

Given:

• Principal is Rs. 12500.
• Simple interest is Rs. 2375.
• Time is 4¾ year.

Need To Find:

• The required rate of interest ?

Solution:

As we know that,

⋆ Simple interest = P × R × T/100

or

⋆ Rate of interest = 100 × SI /P × T

Putting The values,

➜Rate of interest = 100 × 2375 ÷ 12500 × 19/4

➜Rate of Interest = 100 × 2375 × 4 ÷ 12500 × 19

➜Rate of Interest = 2375 × 4 ÷ 125 × 19

➜Rate of Interest = 19 × 4 ÷ 19

➜Rate of Interest = 4

Therefore,

The required Rate of Interest is 4%.

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