Question

At what rate percent per annum will rupees 6250 amount to rupees 7000 in 4 years?​

Answer 1

Answer:

Rate = 3%

Step-by-step explanation:

You didn't mention that we have to calculate rate at S.I or C.I ?

But we calculate at S.I

S.I = (p×r×t /100)

S.I = Amount - Principal

S.I = 7000- 6250

S.I = 750₹

750= (6250×R×4/100)

R = { (750×100)/(6250×4) }

R = 3%