Question

At what rate will rs 6250 amount to rs 8000 in 4 years
?

Answer 1

Answer:

7 %

Step-by-step explanation:

Principal -- 6250

Amount --- Principal + Simple Interest = 8000

or, 6250 + SI = 8000

or, SI = 8000-6250 = 1750

or, PRT/100 = 1750

or, R = (1750*100)/(6250*4) = 7 % per annum