Question

if kiran pays an interest of rs. 750 for 2 years on a sum of rs.4500 find the rate of interest

Answer 1

Hi friend
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Your answer
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Simple interest = Rs 750

Time = 2 years

Principal = Rs 4500

Rate of interest = R = ?

Then,
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(4500 × 2 × R)/100 = 750

=> R = (750 × 100)/(4500 × 2)

=> R = 8.33%

HOPE IT HELPS

Answer 2

rate = 8.33%........