Question

At what rate will 14400 give rs.4032 as simple interest in 3 year 6 months?

Answer 1

Dear Student,

◆ Answer -

Rate of interest = 12.5 %

● Explaination -

# Given -

P = 14400 Rs

SI = 4032 Rs

t = 3.5 years

r = ?

# Solution -

Simple interest oj certain sum of money is calculated by -

SI = P × r × t

Substitute values,

4032 = 14400 × r × 3.5

4032 = 50400 × r

r = 50400 / 4032

r = 12.5 %

Therefore, rate of interest is 12.5 %.

Thanks dear for asking. Hope this helps you...