Question

At what rate will Rs 14400 gives Rs 4032 as simple interest in 3years 6months?​

Answer 1

◆ 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 %.

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Answer 2

Answer:

8%

Step-by-step explanation:

Given

principal (p)= Rs 14400

simple interest (S.I)= Rs 4032

Time(T)= 3yrs and 6 months= 3yrs +6/12 yrs= 7/2 yrs

TO FIND

Rate(R)=?

SOLUTION

SI= PTR/100

4032=(14400×7×R)/(100×2)

4032= 504×R

R=8%

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