Question

At what rate percent per annum will 34500 amounts to 35715 in 3 years?​

Answer 1

Answer:

1.17%

Step-by-step explanation:

Given

P(Principle)=34500

A(Amount)=35715

T(Time)=3 yrs

Find

R(Rate)

Solution

Amount=P × R × T +P

Amount=P × R × T +P 100

Amount=P × R × T +P 100(As we find Amount in Simple Interest by adding SI+P)

Now substitute the letters with numbers

=>A=P×R×T +P ( let Rate be x)

=>A=P×R×T +P ( let Rate be x) 100

=>A=P×R×T +P ( let Rate be x) 100=>35715 = 34500×x×3 + 34500

=>A=P×R×T +P ( let Rate be x) 100=>35715 = 34500×x×3 + 34500 100

=>A=P×R×T +P ( let Rate be x) 100=>35715 = 34500×x×3 + 34500 100=>1.17%