Question

P =5000,SI= 120 , Time =3.5 years , find rate​

Answer 1

As per data given in the question,

We have to find the rate percentage.

From the data,

We have,

P = Rs. 5000

T = 3.5 Years

SI = Rs. 120

We know that,

$SI=\frac{P\times R\times T}{100}\\=>R = \frac{SI\times 100}{P \times T}$

Now after putting the value of SI, P and T in above formula,

We will get,

$R = \frac{120\times 100}{5000\times 3.5}\\=>R = 0.6857\% \approx 0.69\%$

Hence, the required rate percent will be 0.69%

Answer 2

 As per data given in the question,

 We have to find the rate percentage.

 According to the quesstion,

 We have,

$\begin{array}{l}\mathrm{P}=\mathrm{Rs} .5000 \\\mathrm{~T}=3.5 \text { Years } \\\mathrm{SI}=\mathrm{Rs} .120\end{array}$

 We know that,

$\begin{array}{l}S I=\frac{P \times R \times T}{100} \\=>R=\frac{S I \times 100}{P \times T}\end{array}$

Now after putting the value of SI,P and T in the above formula, We will get,

$\begin{array}{l}R=\frac{120 \times 100}{5000 \times 3.5} \\=>R=0.6857 \% \approx 0.69 \%\end{array}$

Hence, the required rate percent will be $0.69 \%$.