Question

Find te rate of interest, when rupees 750 yields rupees 112.50 as simple interest in 5/2 years

Answer 1

Step-by-step explanation:

Rate=11250/1875=2250/375=450/75=90/15=18/3=6

So rate=6%

Answer 2

The rate of interest is 6%.

Explanation:

Formula to find the rate of interest :

$R=\dfrac{I \times100}{P\times t}$ , where I = Simple interest , P=principal amount and t = time.

Given :  P= Rs 750 , t=  $\dfrac{5}{2}$ years and I = Rs 112.50

Substitute in formula , we get

$R=\dfrac{112.50\times100}{750\times\dfrac{5}{2}}=6$

Hence, the rate of interest is 6%.

# Learn more :

Manohar pays an interest of rupees 750 for 2 years on a sum of rupees 4500 , find the rate of interest ?

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