Question

In 4 years 6000 amounts to 8000.Find the rate of interest ​

Answer 1

Answer:

$\boxed{\text{Rate = 8.33... percent}}$

Step-by-step explanation:

$\text{Assuming we are talking about Simple Interest here:}\\\\\text{SI = PRT/100}\\\\\text{A = SI + P}\\\\\boxed{\text{A = PRT/100 + P}}\\\\\text{A = 6000 x R x 4/100 + 6000}\\\\\text{8000 - 6000 = 60 x 4 x R}\\\\\text{2000 = 240R}\\\\\text{R = 200/24}\\\\\text{R = 100/12}\\\\\text{R = 25/3}\\\\\boxed{\text{R = 8.33... percent}}$

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