Question

If Manohar pays an interest of Rs. 750 for 2 years on a sum of Rs.4,500, find the rate of interest.

Answer 1

Answer:

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Answer 2

Answer:

$\frac{25}{3}%$

Step-by-step explanation:

Principle=4500rs

Time=2years

Intrest=750rs

Simple Intrest=$\frac{Principle×rate×time}{100}$

750=$\frac{4500×rate×2}{100}$

on solving Rate=$\frac{750}{90}$

Rate=$\frac{25}{3}%$