Question

Rs 8000 becomes 10,000 in 2 years at simple interests. the amount that will become Rs. 6875 in 3 years at the same rate of interest is:

Answer 1

for first calculate r by basic si formula
$si = \frac{pnr}{100}$
then we get r =12.5%
hereafter we have to find p for a aimple amount
$sa = si + p$
we get =5000