If manohar pays on intrest of rs. 750 for 2 yrs on a sum of rs 4500. Find the raye of intrest?
Answers
Answer:
8.33%
Step-by-step explanation:
Given If manohar pays on interest of rs. 750 for 2 yrs on a sum of rs 4500. Find the rate of interest?
We know that simple interest = P x R x T / 100
Interest = Rs 750, rate = ?, p = rs 4500, t = 2 yrs.
Substituting this in the above formula we get,
S I = P x R x T / 100
750 = 4500 x R x 2 / 100
45 x 2 x R = 750
90 R = 750
R = 750 / 90
R = 8.33 %
So rate of interest is 8.33%
Answer:
8.33 % per annum
Step-by-step explanation:
If manohar pays on intrest of rs. 750 for 2 yrs on a sum of rs 4500. Find the raye of intrest?
Considering Simple interest
Interest = Principle * Rate of interest * Time / 100
Interest = Rs 750
Time = 2 Yrs
Principle = Rs 4500
Rate of interest = R % per annum
=> 750 = 4500 * R * 2 / 100
=> 750 = 90 * R
dividing by 30 both sides
=> 25 = 3R
=> R = 25/3
= 8.33 % per annum