Question

if rupees 750 amounts to 885 in 3 years at simple interest find the rate of interest

Answer 1

Answer:

Step-by-step explanation:

P=₹750

A=₹885

T=3 yrs

SI=A-P

=885-750

=₹135

SI=P×R×T÷100

135=750×R×3÷100

135×100/750×3=6

Hence, rate is 6%