Question

Interest earned on Rs 9000 is 400 more than the interest earned on Rs 7000. If both the sum are invested at the same rate of interest for 4 years, find the rate of interest.

Answer 1

Answer:

200

Step-by-step explanation:

9000-7000=2000 therefore 400 - 200 =200

Answer 2

Hola mate

Here is your answer -

rate of interest= 4 years

As given in the question interest on rupees 7000 + 400= 9000

the sum invested at the same rate of interest that is 4 years

4×400+7000=1600+7000=8600

400+8600=9000

therefore rate of interest=

9000÷4=2250