p- 8000 S.I. = 1600 t = 4y r= ?
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Answered by
1
Answer:
Step-by-step explanation:
Principal=8,000
Time=4 years
Rate=x
S.I=1600(given)
S.I=P*R*T/100
8000*x*4/100=1600
320x=1600
x=1600/320
=5
Therefore , the rate is 5 percent.
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Answered by
1
Given:
We have to find the rate of interest.
As we know that the simple Interest of an amount is calculated by multiplying the interest rate by the principal amount and the time period.
The formula is used to calculate the simple interest is:
Where,
P = Principal Amount
T = Time in Years
R = Rate of Interest per Annum.
We are solving in the following way:
here,
Now,
Putting the given values in the formula:
Hence, the rate will be.
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