Question

Q.17) Asif deposited Rs.7000 in his account and he had Rs.8050 after 4 years. What was the
yearly interest rate (simple interest)?
A) m - 5
B) m + 5
C) M/5
D) 5/M
​

Answer 1

Answer:

Step-by-step explanation:

yearly interest rate = 3.75% if Asif deposited rs 7000 in his account and he had rs 8050 after 4 years.

Step-by-step explanation:

Asif deposited rs 7000 in his account

P= 7000

he had rs 8050 after 4 years.

T = 4 years

Interest = 8050 - 7000 = Rs 1050

Rate of interest = R% per annum

Simple interest = P × R × T/100

1050 = 7000 × R × 4 /100

R = 15/4

R = 3.75%

yearly interest rate = 3.75%

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Answer 2

Step-by-step explanation:

✳Question✳

✳Q.17) Asif deposited Rs. 7000 is his account and he had Rs. 8050 after 4 years. What was the yearly interest rate (simple interest)?✳

✳Answer✳

✳A)m - 5✳