Question

At what rate percent per annum will Rs.4500 amount to Rs.5715 in 3 years?​

Answer 1

Answer:

Rate percent = 4.2%

Step-by-step explanation:

Given principle = ₹4500

time= 3 years

interest = ₹ 5715

Rate =( 100× interest) / ( principle× time)

= (100× 5715) / ( 4500×3)

= 571500/ 13500

= 4.2