At what rate percent per annum will Rs 4500 gives interest of Rs 1215 in 3year?
Answers
Step-by-step explanation:
Interest = 5715 - 4500 = 1215
i = p×r×t/100
1215 = 4500×r×3/100
r =1215/135
r = 9% ans
hope it would helped you
Answer:
At what rate percent per annum will rs.4500 amount to rs. 5715 in 3 years.
The rate percent per annum is 8.2%.
To find : At what rate percent per annum will Rs.4500 amount to Rs. 5715 in 3 years ?
Solution :
Using amount formula,
A=P(1+\frac{r}{100})^t
Where, A is the amount A=Rs.5715
P is the principal P=Rs.4500
Time t=3 years
r is the interest rate
Substitute the value in the formula,
5715=4500(1+\frac{r}{100})^3
\frac{5715}{4500}=(1+\frac{r}{100})^3
1.27=(1+\frac{r}{100})^3
Taking cube root both side,
\sqrt[3]{1.27}=1+\frac{r}{100}
1.082=1+\frac{r}{100}
1.082-1=\frac{r}{100}
r=0.082\times 100
r=8.2\%
Therefore, the rate percent per annum is 8.2%.
0R.........
At what rate percent per annum will 8000 amount to 9600 in 2 years 6 months
principal amount= rs 4500
compound amount =rs 5715
time= 3 years
Simple interest=(P.A×time× rate)/100
Rs 5715 --Rs 4500=(4500×3×rate)/10 1215×100=13500×rate
rate=1215×100
------------------
13500
=9%