Accountancy, asked by cavin7925, 1 year ago

If 750 amounts to 850 in 3 years at simple interest find the rate of interest

Answers

Answered by kritiku2005

1

P=Rs750

A=Rs850

S.I.=Rs100

T= 3 years

Rate= S.I.x100/PxT= 100x100/750x3=4.44%

Therefore, the rate of interest is 4.44%

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