Rohit borrowed 4500 rupees and returned 5715 rupees after 3 years. Calculate the rate of interest per annum that he paid.
Answers
Answered by
7
Answer:
✨ 9 % p.a.
Step-by-step explanation:
Principal = 4,500 rupees
Time = 3 years
Amount = 5,715 rupees
Amount = Principal + Simple Interst
5,715 = 4,500 + Simple Interest
Simple Interest = 5,715 - 4,500
= 1,215 rupees
1215 = 4500 x 3 x Rate / 100
Rate = 1215 x 100 / 4500 x 3
Rate = 121500 / 13500
Rate = 9
So, the rate of interest is 9 % p.a.
Answered by
2
Answer:
9 % p.a.
Step-by-step explanation:
Principle = 4,500 rupees
Time = 3 years
Amount = 5,715
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