Question

neha deposited $8000 for 3years he received $9440 as amount find the rate of interest​

Answer 1

Solution :-

Provided

• Neha deposited $8000

• Time = 3 years

• Amount = $9440

Now :-

$SI = \dfrac{ PRT}{100}$

Amount = P + SI

Therefore

SI = A - P

= $9440 - $8000

= $1440

$1440 = \dfrac{ 8000 \times R \times 3}{100}$

$1440 = 80 \times R \times 3$

$R = \dfrac{144}{24}$

$R = 6$

Rate = 6%

Answer 2

Answer:

Clarify the question plzz either simple interest or compound ..

Principle(P)= 8000

Amount(A)=9440

simple Intrest for 3yrs=A-P=9440-8000=1440

intrest for 1 year = 1440/3=480

rate of intrest = (480/8000)*100%=6%per annum