P and Q invest Rs 36000 and Rs. 25000. respectively at the same rate of interest per year.If at the end of 4 years,P gets Rs. 3080 more interest in than Q , Find the rate of interest.
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Answered by
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Difference between p and q = 36000-25000=11000
difference between the interest = 3080
time = 4 years
rate of interest = interest * 100/ principal * time =
3080* 100/ 11000* 4= 7 % per annum
difference between the interest = 3080
time = 4 years
rate of interest = interest * 100/ principal * time =
3080* 100/ 11000* 4= 7 % per annum
Stutigupya11:
thanks
Answered by
2
Answer:
7% per annum is the rate of interest.
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