Math, asked by vatsalbdamor, 3 months ago

If Harpreet pays an interest of Rs 1500 for 4 years on a sum of Rs 2500, find the rate of interest per annum.

Answers

Answered by aadeeti2006

1

Answer:

Rate = 15%

Step-by-step explanation:

interest = 1500 ; sum( principal) = 2500 and time= 4 years

simple interest = Principal × rate × time /100

1500 = 2500 × rate × 4 /100

1500 × 100/ 2500 × 4 = rate

15 % = rate

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