Question

Pawan borrowed rupees 3000 from a friend at simple interest. After 5 years he paid rupees 4500 and cleared his debt. find the rate of interest​

Answer 1

Answer :

Hi there ! Answer is @0% ! Hope this helps !

Explanation:

The Sum is ₹3000

The Time is 5 years

The Amount after 5 years is ₹4500

The Simple Interest is ₹4500 - ₹3000 = ₹1500

The rate of interest is x

The formula for finding Rate of interest is as follows :

$\frac{si \times 100}{p \times t}$

We will now substitute values :

$\frac{1500 \times 100}{3000 \times 5} = \frac{1 \times 10}{1} = 10\%$

Thus , the rate of Interest is 10%

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