AT what rate will Rs. 6250 amount to Rs. 7000 in 4 year
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Answered by
43
Answer:
Rate = 3%
Step-by-step explanation:
Dear,
You didn't mention that we have to calculate rate at S.I or C.I
But we calculate at S.I
S.I = (p×r×t /100)
S.I = Amount - Principal
S.I = 7000- 6250
S.I = 750₹
750= (6250×R×4/100)
R = { (750×100)/(6250×4) }
R = 3%
Hope it's help you.
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