Question

the interest on rupees 1000 for 5 years amount to rupees 300 find the rate of simple interest (do or die)

Answer 1

Given :

Principal = Rs.1000

Time = 5 years

Simple interest = Rs.300

To Find :

Find the rate of simple interest

Solution:

Principal = Rs.1000

Time = 5 years

Simple interest = Rs.300

Formula :

$SI=\frac{P \times T \times R}{100}$

$300=\frac{1000 \times 5 \times R}{100}$

$30000=5000 \times R$

$\frac{30000}{5000}=R$

$6\%=R$

Hence The rate of interest is 6%

Answer 2

Answer:

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Step-by-step explanation:

■HERE YOUR ANSWER■

Simple interest= P×R×T/100

P=1000

R= ?

T= 5 Years

300= 1000×5×R/100

30,000 = 5000 × R

R= 30000/5000

R= 6% Per Annum

●THIS MEANS●

P= PRINCIPAL

R= RATE

T=TIME

/= DIVIDE

Per= PERCENT