Question

What is the annual rate of simple interest is rs 14000 earned 4000 as ininterest in 3 years

Answer 1

Answer:

$\red { Rate \: of \: Interest } \green {≈ 9.52\%}$

Step-by-step explanation:

$Given \: Principal (P) = Rs \: 14000 \\Simple \: Interest (I) = Rs\:4000 \\Time (T) = 3 \: years$

$Let \: rate \: of \: Interest = R \%$

$\boxed { \pink { R = \frac{ 100\times I }{P T }}}$

$\implies R = \frac{100 \times 4000}{ 14000\times 3 }\\= \frac{ 200}{21}\\ ≈ 9.52\%$

Therefore.,

$\red { Rate \: of \: Interest } \green {≈ 9.52\%}$

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