Question

(ii) Time = 4 years, simple interest = 3400 and rate of interest = 5% p.a.
(b) Find the rate of interest when:
(i) Principal = 3000, simple interest = 360 and time = 3 years​

Answer 1

Answer:

900............................................................

Answer 2

Answer:

b ( 1 ) : 4 %

Step-by-step explanation:

SI = PRT / 100

R = x

P = 3000

SI = 360

T = 3 years

So, P * x * T / 100

3000 * 3 * x / 100 = 360

90x = 360

x = 360 / 90

x - Rate % = 4 %