Question

if sangeetha pays an interest of 1500 for 2 years on a sum of 6000 rupees .Find the rate of interest (step by step... please) ​

Answer 1

Answer:

The simple interest on a sum of money for 2 years at 12% p.a is RS 1380 . Find : 1. ... years. Who will pay More interest and by how much ?

Answer 2

Answer:

So here is your answer

Step-by-step explanation:

Principal = Rs6000

S.I. = RS 1500

Time= 2 years

Amount = Prinicipal + S.I.

Amount = 6000 + 1500

= 7500

So , for finding rate if interest we will use Transposition method .

S.I. = P×R×T

100

1500= 6000 × R × 2

100

1500 ×100 = R

6000×2

75/6 = R

R= 12.5%

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