what is the rate of interest, if Rs 3,750 amount to Rs 4,650 in 4 years
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Answered by
13
interest = amount - principal
= Rs 4650 - Rs 3750
= Rs 900
rate = 100 × interest / principal × time
=100 × 900/ 3750 × 4
= 6 %
hope its helpful
= Rs 4650 - Rs 3750
= Rs 900
rate = 100 × interest / principal × time
=100 × 900/ 3750 × 4
= 6 %
hope its helpful
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sumit2037:
bro its calculation u claculate it
Answered by
17
Hey mate!!!
Given,
Then,
Simple interest, si =
Si = ₹4650 - ₹3750
Si = ₹900.
And,
Si = when r is the rate of interest.
900 =
=>
=>
Therefore, the rate of interest is 6% p.a.
Given,
Then,
Simple interest, si =
Si = ₹4650 - ₹3750
Si = ₹900.
And,
Si = when r is the rate of interest.
900 =
=>
=>
Therefore, the rate of interest is 6% p.a.
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