Question

.P= Rs 25,000
R= ______
T= 4 years
Int = _____
Amount = 31,000

Answer 1

Answer:

Interest = 31000-25000

=6000

Let rate =r%

I=p*t*r/100

6000=25000*4*r/100

6000=100000r/100

6000=1000r

1000r=6000

r=6000/1000

r=6

So rate of interest = 6%

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