Question

Kapil lends out a certain sum of money under simple interest. If the sum amounts to rs. 17,700 in 3 years and rs. 20,400 in 6 years, then what is the rate of interest?

Answer 1

Answer:

accounting year by transferring it to profit and loss Account. ... royalty at Rs 5 per tonne of coal extracted and if the ... i. When production is less than the minimum rent

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Answer 2

Answer:

6%

Explanation:

remember : A = principal + S.I

take the difference of two amounts = 2700

also the difference between years = 3

you will get interest for 3 years = 2700

interest for one year =  2700/3 = 900

so put this in formula you will get P = 15000

i.e 17700 - 2700

use the formula PNR/100 and by substituting the values above you will get the answer 900/150 = 6%