the interest earned on rs 1500 in the three years as simple interest is rs 540 .find the rate percent per annum ?
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Hi.
Here is your answer---
_____________________
Given---
Simple Interest(I) = Rs. 540
Principal(P) = Rs. 1500
Time(T) = 3 years.
Using the Formula,
S.I. = (P × R% × T) ÷ 100
540 = (1500 × R% × 3) ÷ 100
R% = 12%
Thus, Rate of Interest is 12%.
_________________________
Hope it Helps.
Have a nice day.
Here is your answer---
_____________________
Given---
Simple Interest(I) = Rs. 540
Principal(P) = Rs. 1500
Time(T) = 3 years.
Using the Formula,
S.I. = (P × R% × T) ÷ 100
540 = (1500 × R% × 3) ÷ 100
R% = 12%
Thus, Rate of Interest is 12%.
_________________________
Hope it Helps.
Have a nice day.
asifa4:
rs 800 become rs 920 is three years when the interest is simple, if the rate of interest is increase by Three percent then Wat will be the total amount
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