Question

please tell the answer

Simple intrest :- ₹1000
Principle :- ₹300
Time :- 3 years
Find the rate of interest per annum.....​

Answer 1

➤ Given :-

Simple intrest (SI) :- ₹1000

Principle (P) :- ₹300

Time (T) :- 3 years

➤ To Find :-

Rate of intrest per annum......

➤ Solution :-

$\longrightarrow \sf \:rate \: of \: intrest = \frac{SI\times 100}{ P\times T}$

$\longrightarrow \sf \: Rate of Interest = \frac{1000 \times 100}{300 \times 3}$

$\longrightarrow \sf \cancel \frac{100000}{900} = \frac{1000}{9}$

$\longrightarrow \sf \:Rate \: of \: Interest = 1.111 \: \%$

$\Huge\therefore$The rate of interest is 1.111% per annum.