if in 10 years rupees 150 amounts rupees 200 find the rate of the simple interest
Answers
Answered by
9
Answer:
Rate=3.33 %
Step-by-step explanation:
Principal=150₹
Amount=200
Time=10 years
Interest=Amount-Principal
= 200- 150
=50₹
Rate= Interest×100/Principal×Time
=50×100/15×10
=10/3
=3.33%
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Answered by
5
AnswEr:-
Let,
the rate of simple interest be r
Given,
Principle = ₹150
Time = 10 years
Amount = ₹200
So, S.I. = Amount - Principle
= ₹(200 - 150)
= ₹50
ATQ,
S.I. = PTR/100
or, 50 = 150×10×r/100
or, 50 = 15r
or, r = 50/15
or, r = 10/3
or, r = 3.333%
or, r = 3.33%
Hence, the rate of interest is 3.33%
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