Question

ra 6000 becomes rs 7000 in 4 years . find the rate of interest.​

Answer 1

Answer:

4.16%

Step-by-step explanation:

solution

given P =6000

         s.i =1000         ∵ S.I=A-P

          R% =?

          N =4

as we all know formula of simple interest

s.i = $\frac{P X N X R}{100}$

1000 =$\frac{6000 X 4 X R}{100}$

1000 X 100 = 24000 X R

$\frac{100000}{24000}$ =R

R =4.16%