Question

find the intersect per annum at which ₹5000 will

Answer 1

P=Rs5000
A=Rs6050
I=A-P
=6050-5000
=Rs1050
N=3Yrs

R=I*100/P*N
=1050*100/5000*3
=105000/15000
=7%

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Answer 2

Given
P=₹5000
A=₹6050
Time =3yr

Si=A-P

Si=6050-5000=₹1050

Si=pxrxt /100

1050=5000xrx3/100

R=1050x100/5000x3

R=7%

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