Question

find at what rate of interest per annum will Rs.500 amount to Rs. 605 8n 3 years .

Answer 1

Hi

Amount = Rs 605

Interest = S.I - Principal

Principal = Rs  500

So 605 - 500 = Rs 105

Interest = Rs 105

500 * 3 * R / 100 = Rs 105

1500R = 105 * 100

1500R = 10500