my question is
Answers
Step-by-step explanation:
Analysing the question,
Given:
Simple interest = ₹ 23940
Principal = ₹ 28500
Time period = 7 years
\begin{gathered}\\\end{gathered}
To find:
Rate of interest per annum = ?
\begin{gathered}\\\end{gathered}
Formula used:
\begin{gathered} \maltese \: \: \boxed { \bf{SI = \dfrac{PTR}{100}}} \\ \\ \end{gathered}
✠
SI=
100
PTR
where:
SI is the Simple interest
P is the principal
T is the time period
R is the rate of interest
\begin{gathered}\\\end{gathered}
Solution:
Applying the above formula and substituting the given values,
\begin{gathered}\hookrightarrow \: \: \sf{23940 = \dfrac{28500 \times 7 \times R}{100} } \\ \\ \end{gathered}
↪23940=
100
28500×7×R
\begin{gathered} \dashrightarrow \: \: \sf{23940 = \dfrac{285 \cancel{00} \times 7 \times R}{ \cancel{100}} } \\ \\ \end{gathered}
⇢23940=
100
285
00
×7×R
\begin{gathered} \dashrightarrow \: \: \sf{285 \times 7 \times R = 23940} \\ \\ \end{gathered}
⇢285×7×R=23940
\begin{gathered} \dashrightarrow \: \: \sf{1995 \times R = 23940} \\ \\ \end{gathered}
⇢1995×R=23940
\begin{gathered} \dashrightarrow \: \: \sf{R = \dfrac{23940}{1995} } \\ \\ \end{gathered}
⇢R=
1995
23940