Question

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

Answer 1

required rate = 25/3

Answer 2

➡HERE IS YOUR ANSWER⬇

♧♧FORMULA♧♧

Prncipal = P

Rate = R

Interest = I

Time = T

The relation among P, R, I and T is

I = (P×T×R)/100 .....(i)

♧♧SOLUTION♧♧

Given that :

Principal (P) = Rs 4500 /-

Time (T) = 2 yeara

Internet (I) = Rs 750 /-

Using the relation (i), we write

I = (P×T×R)/100

=> R = (100×I)/(P×T)

= (100×750)/(4500×2) %

= 8.33 % (approximately)

So, the rate of interest is 8.33 %

⬆HOPE THIS HELPS YOU⬅