Question

ation thus obtained to find the answer.
le Principal = 25000 rupees. Amount = 31,000 rupees, Time = 4 years, what is
the rate of interest?​

Answer 1

Answer:

6%

Step-by-step explanation:

R= Interest(A-P) × 100 / Principal(P) × Time

=> 6000 × 100 / 25000 × 4

=>600000 / 100000

=> (All zeroes are cut by each other) 6

Answer 2

Step-by-step explanation:

• Here, Principal = ₹25000
• Amount = ₹31000
• Time = 4 years
• Now, Simple Interest = Amount - Principal = ₹31000-25000 = ₹6000
• Now, S. I. = P*R*T/100
• 6000 = 25000*R*4/100
• 6000 = 25000*R/25
• 6000 = 1000*R
• R = 6000/1000
• Rate of Interest = 6%