Question

if Nidhi pays an interest of Rs750 for 2 years on a sum of Rs 4500 find the rate of interest.​

Answer 1

Answer:

Step-by-step explanation:

Considering simple interest,

Interest = principal * no of years* rate of interest per annum/ 100

750 = 4500 *2* R/100

R = 8.33 %

Answer 2

SOLUTION:-

Given:

⚫Interest= Rs.750

⚫Time= 2 years

⚫Principal=Rs.4500

Therefore,

We know that formula of Simple Interest;

$= > S.I. = \frac{P \times R \times T}{100}$

So,

$R = \frac{S.I. \times 100}{P \times T} \\ \\ = > R = \frac{750 \times 100}{4500 \times 2} \\ \\ = > R = \frac{375}{45} \\ \\ = > R = 8. 33\%$

Thus,

The rate of Interest is 8.33%.

Hope it helps ☺️