Question

find the rate of intrest will 5000 amount to 6200 in 3 year​

Answer 1

Answer:

P= 5000

Amount = 6200

T = 3 years

SI = A- P

=6200-5000

= 1200

Now Rate = Si ×100/P×T

= 1200×100/5000×3

=8%

hence rate is equal to 8%

Step-by-step explanation:

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Answer 2

​Interest Rate.

Step-by-step explanation:

Given:

Initial value (P) = 5000

Amount = 6200

Time =3 year

Firstly, we have to find simple interest.

    $Simple\:Interest = Amount - P$

    $Simple\:Interest(si)=6200-5000$

                          $si\:=\:1200$

Now, we have to find Interest Rate.

   $Rate=\frac{si\times100}{P\times T}$

   $Rate=\frac{120000}{15000}$

   $Rate=8$%

Therefore, the rate of interest = 8%

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