find the rate of interest when simple interest on 1560 in 3 yeats id 585
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Let the rate of interest be r.
Given to us,
Principal= 1560
Time= 3 years
Simple interest=585
P×R×T÷100= SI
1560×r×3÷100=585
=78×r×3÷5=585
=78×3×r÷5=585
=234r÷5=585
=r=585×5÷234
=2925÷5
=12.5
Therefore Rate percent = 12.5
Given to us,
Principal= 1560
Time= 3 years
Simple interest=585
P×R×T÷100= SI
1560×r×3÷100=585
=78×r×3÷5=585
=78×3×r÷5=585
=234r÷5=585
=r=585×5÷234
=2925÷5
=12.5
Therefore Rate percent = 12.5
hope it helps
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Sam plz check last 3 lines
what's wrong?
oh yes....it should be 2925÷234=12.5
sorry .. writing mistake..
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