Find the rate of interest when principal is 7500 times is 5 years and interest is 750
Answers
Answered by
15
Answer:
The Rate of Interest is 2% p.a.
Step-by-step explanation:
Simple Interest = Rs. 750
Time = 5 yrs
Principal = Rs. 7500
Rate = Simple Interest = (P*R*T)/100
= 750 = (7500*R*5)/100
= 75000 = 37500 R
= 2 = Rate of Interest
Hope this helps.
Answered by
5
Answer:
2%
Step-by-step explanation:
p= 7500
t= 5 years
i= p*r*t/100= 7500*r*5/100= 750
7500*5*r/100 = 750
375*r = 750
r = 750/375
r = 2%
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