Question

At what rate percent will RS 2000 amount to Rs 3500 in 5 years?​

Answer 1

Answer:

Answer

Amount = 3500

principal = 2000

simple interest = 3500 - 2000

= 1500

$rate \: \: = \frac{si \times 100}{p \times t} \\ \frac{1500 \times 100}{2000 \times 5} \\ = 15\%$

15 % rate of interest

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