Question

At what rate percent will a sum of Rs 62500 amount to rs 67600 in 2yrs

Answer 1

Hi friend
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Your answer
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Principal = Rs 62500

Amount = Rs 67600

Time = 2 Years

Simple Interest = Rs(67600 - 62500) = Rs 5100

Rate of interest =?

So,
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S.I. = (P×R×T)/100

R = (S.I.×100)/P×T

R = (5100×100)/ 62500×2

R = 4.08 %

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