find the rate percent - principle = ₹ 18000 , Simple intrest = ₹ 900 , time = 4 years
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Step-by-step explanation:
Lᴇᴛ ᴛʜᴇ ʀᴀᴛᴇ ʙᴇ ᴛᴀᴋᴇɴ ᴀs `R´
Gɪᴠᴇɴ ,
Pʀɪɴᴄɪᴘᴀʟ = Rs 18000
Sɪᴍᴘʟᴇ Iɴᴛᴇʀᴇsᴛ = Rs 900
Tɪᴍᴇ = 4 Yʀs
Tʜᴇʀᴇғᴏʀᴇ,
Aᴄᴄᴏʀᴅɪɴɢ ᴛᴏ ᴛʜᴇ ǫᴜᴇsᴛɪᴏɴ ,
(P×R×ᴛ)/100 = SI
=> R = (SI×100)/(P×R)
=> R = (900×100)/(18000×4)
ʙʏ sɪᴍᴘʟɪғʏɪɴɢ ᴛʜᴇ ᴛᴇʀᴍs ᴡᴇ ɢᴇᴛ
=> R = 5/4 %
= 1.25%
Hᴏᴘᴇ ɪᴛ ʜᴇʟᴘs ᴜ ;)
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