Question

find the rate when principal = rupees 8250 simple interest= 1100 and time = 2 years

Answer 1

SI=P*R*T/100
So, if u want to find rate it is, R=SI*100/P*T
So, R=1100*100/8250*2=26.66percent.

Answer 2

The rate of interest is 6.67%

Step-by-step explanation:

Principal = Rs.8250

Simple interest = Rs.1100

Time = 2 years

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

Substitute the values in the formula :

$1100 = \frac{8250 \times 2 \times R }{100}$

$1100 \times 100 = 8250 \times 2 \times R$

$\frac{1100 \times 100}{8250 \times 2 }=R$

6.67%=R

Hence The rate of interest is 6.67%

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