Question

At what rate will Rs. 6,2500 amount Rs.7,000 in 4 years? ​

Answer 1

Answer:

R=I*100/P*T

Step-by-step explanation:

use this formula

you can solve the answer

Answer 2

Answer:

Rate will be 2.8%

Step-by-step explanation:

In this question,

we have been given that,

Simple Intrest=7000Rs.

Principle=6250Rs.

Time=4Years

Simple Intrest=$\frac{P\times R\times T}{100}$

Now Putting the values and multiplying we get,

7000=$\frac{6250\times R\times 4}{100}$

70000=625×4×R

R=$\frac{70000}{25000}$

R=2.8%

The rate at which the amount will reach 7000 in 4 years will be 2.8%