Question

Principle = 38500
Simple Interest = 36000
Rate of interest :- 2 years
​

Answer 1

Answer:

amount is constant when calculating simple interest rate. This indicates ... Mr. A has invested an amount of Rs. 15000 at an interest rate of 5% for almost 2 years. So his SI will ...

Missing: 38500 ‎36000

Answer 2

➤ Correct Question :-

Find the rate of interest when,

Principle = 38500 ; Simple Interest = 36000 ; Time = 2 years

➤ Given :-

Principle :- ₹ 38500

Simple Interest :- ₹ 36000

Time :- 2 years

➤ To Find :-

Rate of interest for the given sum...............

➤ Formula required :-

${\large \tt \dashrightarrow \orange{\boxed{\tt \gray{\dfrac{SI \times 100}{P \times T}}}}}$

➤ Solution :-

We should find the rate of interest by using the above given formula.........

Rate of interest :-

${\tt \longrightarrow \dfrac{36000 \times 100}{38500 \times 2}}$

${\tt \longrightarrow \dfrac{36000 \times \cancel{100}}{\cancel{38500} \times 2} = \dfrac{36000 \times 1}{385 \times 2}}$

${\tt \longrightarrow \dfrac{ \cancel{36000} \times 1}{385 \times \cancel{2}} = \dfrac{18000 \times 1}{385 \times 1}}$

${\tt \longrightarrow \cancel \dfrac{18000}{385} = \boxed{\tt 46.7 \bf\%}}$

$\Huge\therefore$The rate of interest for the given sum is 46.7 $\bf\%$.

━━━━━━━━━━━━━━━━━━━━━━━━━

$\dashrightarrow$ Some related formulas :-

Simple Interest :- ${\boxed{\tt\dfrac{P \times R \times T}{100}}}$

Principle :- ${\boxed{\tt\dfrac{SI \times 100}{R \times T}}}$

Time :- ${\boxed{\tt\dfrac{SI \times 100}{P \times T}}}$

━━━━━━━━━━━━━━━━━━━━━━━━

More to know..................

• Simple Interest is the extra amount to be given when a person borrows some money from a person or a bank. The person who gives money is called lender. The person who takes money is called borrower.
• Principal is the amount given at first from lender to borrower.
• Rate of interest is the extra amount to be given from borrower to lender. It is always written in percentage format.
• Time is given for the borrower to return back the given money with the given interest.