Question

On Disha deposited 25000 for 4 years in a Sahakari Bank. At the end of the period, she had
received altogether 31000. Find the rate of interest
Solution:​

Answer 1

Answer:

₹6000

Step-by-step explanation:

money get after deposited=₹31000

because it deposited=₹25000

rate of interest =₹6000

Answer 2

Given:

On Disha deposited 25000 for 4 years in a Sahakari Bank. At the end of the period, she had received altogether 31000.

To Find:

Find the rate of interest

Solution:

It is given that Disha deposited 25000 for 4 years in a Sahakari Bank and at the end of the period she had altogether 31000, which means she received interest of,

Interest=31000-25000

            =6000

We can find the rate of interest by using the simple interest formula that is,

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

where,

          P= principal

          R= rate of interest

          T= time

So by using the formula we have the value of the rate of interest as,

[tex]6000=\frac{25000*R*4}{100}\\ R=6\%[/tex]

So the rate of interest comes as 6%.

Hence, the rate of interest is 6%.