Question

At what rate RS7000 amount to RS7945 in 3 years​

Answer 1

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Dear Student,

Please find below the solution to the asked query :

Principal, P = Rs 7000Amount,

A = Rs 7945

Time, T = 3 yrs

Let R% be rate of interest per annum.

SI = PRT100

⇒A - P = PRT100

⇒7945-7000 = 7000×R×3100

⇒210R = 945

⇒R = 4.5

So, rate of interest is 4.5% p.a.

Hope this would clear your doubt.

Answer 2

Answer:

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