Question

P ( Principal ) = ₹7000
A (. Amount ) = ₹8500
T ( time ) = 3 years
Calculate the simple interest and the rate​

Answer 1

Answer:

I= 1500 R= 7.14

Step-by-step explanation:

I = 8500-7000=150

R=1500×100/7000×3= 50/7= 7.14

Answer 2

Step-by-step explanation:

Amount = Principal + interest

8500 = 7000 + Interest

8500 - 7000 = Interest

1500 = Interest

For the next part refer the image.

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