Question

If Rs 750 amounts to Rs 885 in three years at simple interest , find the rate of interest

Answer 1

S.I= simple interest
T=Time
R=Rate of Interest
P=Principal
A= Amount

S.I = amount-principal
= 885-750
=135

S.I= P*T*R/100
135= 750*3*R/100
135*100=750*3*R
13500=2250*R
13500/2250=R
6=R

therefore the rate of interest is 6%
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Hope this helps!
@crystinia

Answer 2

Answer:

S.I= simple interestT=TimeR=Rate of InterestP=PrincipalA= AmountS.I = amount-principal= 885-750=135S.I= P*T*R/100135= 750*3*R/100135*100=750*3*R13500=2250*R13500/2250=R6=Rtherefore the rate of interest is 6%

Step-by-step explanation: