Question

Find the rate of si if the internet on ₹1000 for 5 years amount to ₹300

Answer 1

Answer:

6%

Step-by-step explanation:

Given :

Principal = Rs.1000

Time = 5 years

Simple interest = Rs.300

To Find :

Find the rate of simple interest

Solution:

Principal = Rs.1000

Time = 5 years

Simple interest = Rs.300

Formula :

SI=\frac{P \times T \times R}{100}SI=

100

P×T×R

300=\frac{1000 \times 5 \times R}{100}300=

100

1000×5×R

30000=5000 \times R30000=5000×R

\frac{30000}{5000}=R

5000

30000

=R

6\%=R6%=R

Hence The rate of interest is 6%

Answer 2

Answer:

R= 14

Step-by-step explanation:

p= 1000Rs.

N= 5 years

A = 300Rs.

A= P-I

300= 1000-I

I= 1000-300

I= 700Rs.

I= PxNxR/100

700= 1000x5xR/100

700=50xR

R= 700/50

R= 14

Rate is 14.