- Calculate the rate
rate of
interest per annum if Rs
6000 amounts to Rs 8700 in
9 years at simple interest.
Answers
Answered by
44
Calculate the rate
interest per annum if Rs6000 amounts to Rs 8700 in9 years at simple interest.
Principal = Rs.6000
Amount = Rs.8700
Time = 9years
So, the interest = A - P
= 8700 - 6000
= Rs 2700
Now,
we have to find R %
Hence, the rate is 5 % per annum
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