Question

suresh borrowed rs. 1750 fron dinesh for 5 months. dinesh charged him rs. 43.75 as simple interest. at what rate interest was reckoned.

Answer 1

The solution is in picture

Answer 2

Answer:

The rate of interest = 6%        

Step-by-step explanation:

Given data

the amount Suresh borrowed P = 1750 Rs.

the amount that Dinesh charged Suresh = 43.75 as simple interest      

Let R be the Rate of interest

from given data time period T = 5 months

                                                  = 5/12 years

the interest on amount  I = PTR/ 100

                               43.75 = $\frac{1750(\frac{5}{12})(R) }{100}$  

                               4375 = 1750 ($\frac{5}{12}$)(R)

                               R = $\frac{4375(12)}{1750(5)}$  

                               R = 6 %

The rate of interest = 6%