Question

if meenakshee pays an interest of ₹1500 for 4 years on a sum of ₹2500, find the rate of interest per annum
​

Answer 1

SI = Rs. 1500

P = Rs. 2500

T = 4 years

SI = PRT/100

1500= 2500×R×4/100

R = 15 % ans.

hope it helps you..

Answer 2

Interest rate is 15% per annum.

Step-by-step explanation:

Interest % in 4yrs = 1500/2500 × 100 = 60%

Interest % in 1 yr ( per annum) = 60/4 = 15%