Question

If manohar pays an interest of 750rs. for 2 years on a sum of 4500rs,find the rate of interest
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Answer 1

Step-by-step explanation:

$\sqrt{36} 55555555555$

Answer 2

Answer:

8⅓ % p.a

Step-by-step explanation:

$\tt \red{GIVEN} \:$

$\tt \pink P \green R \orange I \purple N \red C \blue IPAL = 4500$

$\tt \: INTEREST = Rs 750$

$\sf \: TIME = 2years$

We know ,

${ \boxed{ \sf \: Simple \: Interest = \mathsf{\dfrac{principal \times time \times rate}{100}}}}$

${{ \sf \: \: 750= \mathsf{\dfrac{4500\times 2 \times rate}{100}}}}$

${{ \sf \: 750= \mathsf{{45 \: \times \: 2\times rate}{}}}}$

$\sf \:45 \times 2r = 750$

$\sf \:r = \frac{750}{45 \times 2}$

$r = 8 \frac{1}{3}$