Question

Jyoti deposited Rupees 1500 in his bank account after 5 years the amount is worth rupees 2354 find the simple interest rate account earned​

Answer 1

Answer:

Step-by-step explanation:

R =SI×100/P×T

Answer 2

Answer:

Principal (P) = Rs.1500

Time (T) = 5 years

Amount (A) = Rs.2354

Hence, Simple Interest (SI) = Rs.(2354-1500) = Rs.854

SI = PRT/100

854 = 1500 × R × 5 / 100

854 = 75 × R

Rate = 11.38%