principal rs 450 time 7/2 years simple interest rs 189 find the rate of interest
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Simple Interest= Rs 189; Principal= Rs 450; Time =7/2 years. Let the rate of interest be R.
Therefore, Simple Interest= (PrincipalxTimexRate)/100
or, 189 = (450x(7/2)xR)/100
or, 189 = (450x7xR)/200
or, R = (189x200)/(450x7)
or, R = 12 %
Hence rate of interest = 12%
Therefore, Simple Interest= (PrincipalxTimexRate)/100
or, 189 = (450x(7/2)xR)/100
or, 189 = (450x7xR)/200
or, R = (189x200)/(450x7)
or, R = 12 %
Hence rate of interest = 12%
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