Manohar pays an interest of rupees 900 for 2 years on a sum of rupees 4500 , find the rate of interest ?
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Answers
Answered by
3
Answer:
10% per annum
Step-by-step explanation:
Simple Interest (SI) = Rs.900
Principal (P) = Rs.4500
Time (T) = 2 years
Let the Rate of interest be R.
SI = PRT/100
=> 900 = 4500×R×2/100
=> R = 10%
Answered by
1
Answer:
Rate of interest is 10% per annum.
Step-by-step explanation:
Given;
Principle (P) = Rs. 4500
S.I = Rs. 900
Time (t)=2 yrs.
As we know ,
S.I= (P×r×t)/100 (where r= rate of interest per annum)
∴ r= (S.I ×100)/(P×t)
= (900×100) / ( 4500×2)
=90000/9000
= 10 % p.a
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