what is the rate of interest, if ₹3, 750 amount to ₹ 4,650 in 4 years? plz tell ans in percent
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Answer:
Time (T) = 4 years. = 6 % p.a.
Step-by-step explanation:
Principal (P) = ₹ 3,750
Amount (A) = ₹ 4,650
∴ S.I. = A – P = ₹4,650 – 3,750
= ₹900
Time (T) = 4 years.
∴ Rate = S.I. × 100/P × T = (900 × 100)/(3750 × 4)
= 6 % p.a.
I hope it will help you out
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