Question

at what rate will 6250 rupees amount to 8000 rupees in 7 years

Answer 1

Solution:

Principal (P) = Rs 6250

Amount (A) = Rs8000

Time (T) = 7 years

Let the rate of interest = R

Interest (I)= A - P

= 8000 - 6250

= Rs 1750

Now ,

(PTR)/100 = I

=> R = (100 × I )/(PT)

= (100 × 1750 )/( 6250 × 7 )

= (100 × 25 )/625

= 100/25

= 4

Therefore,

R = 4%

••••

Answer 2

Answer:

4 percent

Step-by-step explanation:

hope it will help you