Question

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

Answer 1

Answer:

Principal=1500

Time=5

Interest=2354-1500

= 854

Simple interest=(P×R×T)/100

(1500×R×5)/100

854=(7500×R)/100

854=(7500/100)×R/100

854=75×R/100

854/75=R/100

11.387%=R

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