Question

at what rate will rs 2500 fitch an interest of rs 300 in 4 year

Answer 1

$\boxed{\boxed{\boxed{\bold{\green{Solution : \longrightarrow}}}}}$

Given,

Principal ( P ) = ₹ 2500

Interest ( I ) = ₹ 300

Time ( T ) = 4 years

To find Rate ( R )

We know that

$\bold{R = \frac{100 \times I}{P \times T}} \\ \\ \: \: \: \: \: \: \bold{= \frac{100 \times 300}{2500 \times 4} }\\ \\ \: \: \: \: \: \: \bold{= 3 \: \%}$

Therefore, the rate of interest is 3 % p.a.