. at what rate percent shall a sum of rupees 400 amount to rupees 520 in 5 year
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2
Answer:
Rate=6%
Step-by-step explanation:
Amount=520 rupees
Principle=400 rupees
We known,
Amount=Principle+Simple interest
520=400+SI
SI=520-400
=120 rupees
Time=5 years
We known,
SI=principle×time×rate
100
120=400×5×rate
100
120×100=400×5×rate
rate=120×100
400×5
rate=6%
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