the sum of ₹12500 amounts to ₹16500 in 5 years at the rate of simple interest. What is the rate of interest?
Answers
Answered by
0
Answer:
S.I. = Rs. (15500−12500)=Rs.3000
SI= P.N.R/100
Rate = 100×3000/12500×4%=6%
Answered by
2
Answer:
The rate of interest is %
Step-by-step explanation:
Given : Principal (P) = Rs.
Total amount (A) = Rs.
The time period (t) = years
To find : Rate of interest (R) = ?
Solution :
- It is given that Principal (P) = Rs.
Total amount (A) = Rs.
The time period (t) = years
- We have to find rate of interest (R).
- We know the formula for simple interest as,
S.I. = A-P
=
= Rs.
- Now, to find rate of interest, use the formula for simple interest as
S.I. =
∴
∴ *R
∴
∴
∴ %
- ∴ The rate of interest is %.
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