Question

calculate the rate of interest...
Simple Interest - 100
Principle - 6000
Time - 4 years​

Answer 1

Answer:

0.41666666666

Step-by-step explanation:

$\frac{6000*4*x}{100} = 100\\240x=100\\x = 100/240\\x = 10/24\\x = 5/12\\x= 0.41666666666$

Answer 2

➤ Given :-

Simple Interest :- Rs.100

Principle :- Rs.6000

Time :- 4 years

➤ To Find :-

Rate of interest given for the following sum..........

➤ Formula required :-

${\large \tt \dashrightarrow \orange{\boxed{\tt \gray{ \frac{SI \times 100}{P \times T}}}}}$

➤ Solution :-

Rate of interest :-

${\tt \longrightarrow \dfrac{100 \times 100}{6000 \times 4}}$

${\tt \longrightarrow \dfrac{100 \times \cancel{100}}{\cancel{6000} \times 4} = \dfrac{100 \times 1}{6 \times 4}}$

${\tt \longrightarrow \dfrac{\cancel{100} \times 1}{6 \times \cancel{4}} = \dfrac{25 \times 1}{6 \times 1}}$

${\tt \longrightarrow \cancel \dfrac{25}{6} = \boxed{\tt 4.16 \bf\%}}$

$\Huge\therefore$The rate of interest on the given sum is 4.16 $\bf\%$.

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$\dashrightarrow$Some related formulas :-

Simple Interest :- ${\boxed{\tt\dfrac{P \times R \times T}{100}}}$

Principle :- ${\boxed{\tt\dfrac{SI \times 100}{R \times T}}}$

Time :- ${\boxed{\tt\dfrac{SI \times 100}{P \times R}}}$

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More to know..............

• Simple Interest is the extra amount to be given when a person borrows money from a bank or a person. The person who gives money is called lender. The person who takes money is called borrower.
• Principle is the amount given at first from lender to borrower.
• Rate of interest is the extra amount to be given from borrower to lender, it is always written in percentage format.
• Time is given for the borrower to return back the given money with the given interest.