the simple interest on a sum of rs 8250 for 2years is rs 1100 the rate%per anum is
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Answered by
0
Simple interest =₹1100
Principal -= ₹8250
Time =2 yrs
SI =P*R*T/100
1100=8250*2*R/100
1100=16500R/100
R=1100*100/16500
R=6.67%
Principal -= ₹8250
Time =2 yrs
SI =P*R*T/100
1100=8250*2*R/100
1100=16500R/100
R=1100*100/16500
R=6.67%
Answered by
1
Solution :
principal = 8250
rate of interest = ?
time = 2yrs
Simple interest = 1100
Rate of interest = 100×S.I/principal×time
= 100×1100/8250×2
= 20/3
= 6 into 2/3
therefore, rate of interest is 6 into 2/3
Hope it will help you.
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