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On Rs 6000 interest = 2000
SI = P N R /100
2000=6000*4*r/100
2000*100/4*6000 = r
r=200/24
r= 8.33 %
Interest = 700-525= 175
P=525
I=175
r=8.33%
175= 525*N*8.33/100
N= 175*100/525*8.33
N=4 years
SI = P N R /100
2000=6000*4*r/100
2000*100/4*6000 = r
r=200/24
r= 8.33 %
Interest = 700-525= 175
P=525
I=175
r=8.33%
175= 525*N*8.33/100
N= 175*100/525*8.33
N=4 years
butterfly8:
How did I u get 4years
Amount = RS. 8000
Time (T) = 4 yr; Principal (P) = RS. 6000
Simple interest (SI) = (A-P)
= Amount - Principal
= 8000 - 6000 = RS. 2000
Rate (R) = ?
According to the formula,
SI = P×R×T100
=> 2000=6000×R×4100
=> R=2000×1006000×4=253%
Time (T) = 4 yr; Principal (P) = RS. 6000
Simple interest (SI) = (A-P)
= Amount - Principal
= 8000 - 6000 = RS. 2000
Rate (R) = ?
According to the formula,
SI = P×R×T100
=> 2000=6000×R×4100
=> R=2000×1006000×4=253%
can add my explanation here ... different value got pasted ...!! also can't add images ...
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