Seema borrowed 10000. At the end of 3 years Seema had to pay 13600 to the bank. what was the rate of interest?
gulshanpraween529:
12percent
Answers
Answered by
26
Answer:-
Given:
- Principal = Rs.10000
- Time = 3 years
- Amount = Rs.13600
To Find:
- Rate of Interest
Solution:
➥ Simple Interest = Amount - Principal
= 13600 - 10000
= Rs. 3600
➥ Rate of Interest
= (S.I. × 100) ÷ (Principal × Time)
= (3600 × 100) ÷ ( 10000 × 3 )
= 360000 ÷ 30000
= 36 ÷ 3
= 12
Hence, Rate of Interest is 12%.
Formula to be remembered:-
▪︎S.I. = (Principal × Rate% × Height) ÷ 100
▪︎Amount = Principal + S.I.
▪︎Rate = (S.I. × 100) ÷ (Principal × Time)
▪︎Principal = (S.I. × 100) ÷ (Rate × Time)
▪︎ Time = (S.I. × 100) ÷ (Principal × Rate)
Answered by
2
Answer:
the upper answer is correct
Similar questions