Find the rate of interest : Principal = 200, SI = 40, Time = 4year
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Step-by-step explanation:
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Answer :-
- The rate of interest is 5% per annum.
To find :-
- The rate of interest.
Step-by-step explanation :-
- Let's find the rate of interest since the simple interest, principal and time have been given to us.
We know that :-
Here,
- Simple interest = Rs 40.
- Principal = Rs 200.
- Time = 4 years.
- Let the rate of interest be r.
Substituting the given values in this formula,
Multiplying 200 with 4,
Multiplying 800 with r,
Transposing 100 from RHS to LHS, changing it's sign,
Multiplying 40 with 100,
Transposing 800 from RHS to LHS, changing it's sign,
Dividing 4000 by 800,
- Hence, the rate of interest is 5% per annum.
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