Math, asked by Harshita7266, 1 year ago

Ms. Maya deposits an amount of Rs 17,800 and obtained Rs 31,684 at the end of 6 years. What was the rate of simple interest per year?

Answers

Answered by amitnrw
2

Answer:

rate of simple interest per year = 13 %

Step-by-step explanation:

Principle = Rs 17800

Sum obtained = Rs 31684

Simple Interest = 31684 - 17800 = Rs 13884

Simple Interest = (principle * Rate of interest * time)/100

Let say  Rate of interest = R % per annum

13884 = 17800 * R * 6/100

R = 13884/(178 * 6)

R = 2314/178

R = 13 % per annum

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