at what rate percent will 2000rupees amount to rupees 2315.25 in 3years
Answers
Answered by
2
Answer:
5%
The answer is 5% per annum. Amount A= Rs 2315.25. period =n =3- years. Rate of interest = 5% .
Step-by-step explanation:
Answered by
5
Step-by-step explanation:
first by amount formula
A=P+I (A is amount, P is principle , l is interest)
2315.25 =2000+l
2315.25-2000=I
315.25=I
now interest is rupees315.25
then by simple interest 's formula
I=P ×R ×T÷100
315.25=2000× R × 3÷100
315.25=6000×R ÷ 100
315.25=60×R
315.25÷60=R
5=R
R=5%
therefore rate of interest is 5%
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