Question

Fiat invest 6,000 rupees for 3 years and receive 1080 Rupees is interest rate of interest is​

Answer 1

Question: Find the rate of interest when a sum of Rs. 6000 is invested for 3 years and Rs. 1080 interest is earned.

Rate of interest is 6%

Step-by-step explanation:

Given that,

sum (P) = Rs. 6000

time (t) = 3 years

rate of interest (r) = ? %

interest (I) = Rs. 1080

We know that,

I = Ptr/100

or, 1080 = 6000 × 3 × r / 100

or, 180r = 1080

or, r = 6

∴ the required rate of interest is 6%.

More questions here:

1. An amount of Rs.16100 is earned when a certain sum is invested for 3 years in scheme-A offering simple interest @ 5 p.a. How much more interest will be earned if the same sum were invested for 2 years in scheme-B offering simple interest @ 8 p.a. ? - https://brainly.in/question/15113567

2. Barsha borrowed ₹8500 from a bank at a particular rate of simple interest. After 3 years, he paid ₹11050 to settle his debt. Find the rate of interest. - https://brainly.in/question/14902352

Answer 2

Rate of interest = 6%

Step-by-step explanation:

Principal = Rs. 6,000

N = 3 years

Interest =  Rs. 1080

SI = PNR / 100  

1080 = 6000 * 3 * R / 100

R = 1080 * 100 / (6000 * 3)

= 6

Rate of interest = 6%