Question

Find the rate of interest when principal is 7500 times is 5 years and interest is 750​

Answer 1

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.

Answer 2

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%