Question

If Principal = 25000 rupees, Amount = 31,000 rupees, Time = 4 years, what is the rate of interest? Here, Amount - Principal = Total interest 31000 - = Principal = 25000 rupees, time = 4 years, interest = rupees Let us now use the formula. = × × 100 Then, 6000 = 2000 × × 4 100 where R = rate of interest R = pcpa​

Answer 1

Answer:

Correct option is C)

Principal = Rs 600

Rate = 5 %

Interest = Rs 240

Interest =

100

P×R×T

240=

100

600×5×T

T=8years

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