if the simple interest on Rs 1500 is Rs 6750 in 3 years then the rate of interest is
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Answer:
SI for 3 years = 6750
SI for 1 years = 6750/3 = 2250
CI for 3 years = 3 : 3 : 1
CI for 3 years = 3 × 2250 + 3 × 2250 × 6/100 + 2250 × 6/100 × 6/100
6750 + 405 + 8.1
7163.1
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