Question

Six years ago Teboho invested R13 125,00 at a yearly simple interest rate. Two years ago

he withdrew the total accumulated sum of R17 850,00. The yearly simple interest rate, i, at

which Teboho invested the R13 125,00 six years ago, rounded to one decimal place, is

Answer 1

Answer:

rate = 6℅

Step-by-step explanation:

given

• amoun = ₹1785000
• principle = ₹1312500

hence,

• total simple intrest => 1785000 - 1312500 = ₹472500
• time = 6 years

now

rate of intrest = intrest × 100 / principle × time

=> rate = 472500 × 100 / 1312500 × 6

=> rate = 6℅ (answer)