Principal=₹4400,amount=₹5610,time=5years 6months I am unable to understand this sum. Please solve this fast plz and I will mark you as brainlist.
Answers
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Jan 6, 2021
✯Given✯
➙ Principal (P) = ₹4400
➙ Amount (A) = ₹5610
➙ Time Period (T) = 5years 6 months
➙ Time Period (T) = 5 ½ Years
✮To find✮
➙ Rate of Interest (R)
✬Solution✬
➙ S.I = P × T × R ÷ 100
➙ S.I : - Simple Interest P : - Principal T :- Time Period R :- Rate of Interest
➙ A = P + S.I
➙ 5610 = 4400 + S.I
➙ S.I = 5610 - 4400
➙ S.I = 1210
➔ 1210 = 4400 × 6 ½ ( or 5.5 Years ) × R ÷ 100
➔ R = 1210 × 100 ÷ 4400 × 5.5
➔ R = 121000 ÷ 24200
➔ R = 5
✭ ∴ The rate of Interest for the principal ₹4400 , amount ₹5610 and time 5 years 6 months is 5% .