Question

principal = Rs 5000 ,Time = 1 year, Amount= Rs 5325 ,Rate =?​

Answer 1

Amount = P(1+R/100)^n

5325=5000(1+R/100)^1

5325=5000+5000R/100

5325=(500000+5000R)/100

532500=500000+5000R

R=32500/5000

R=6.5%

hope it help u.......

Answer 2

Answer:

rate=amount× 100/p× t

amount = 5325

principal=5000

time = 1year

rate =5325×100/5000×1

= 532500/ 5000

= 106.5