Question

what rate gives rs540 as interest on a sum for 9,000 in 2 years​

Answer 1

783.33 may be I think this is not right question but as per this question this is right answer

Answer 2

Answer:

Given :-

• Interest is Rs 540 on a sum of Rs 9000 in 2 years.

To Find :-

• What is the rate of interest.

Formula Used :-

$\sf\boxed{\bold{\pink{R =\: \dfrac{S.I \times 100}{P \times T}}}}$

where,

• R = Rate of Interest
• S.I = Simple Interest
• P = Principal
• T = Time

Solution :-

Given :

• Simple Interest (S.I) = Rs 540
• Principal (P) = Rs 9000
• Time (T) = 2 years

According to the question by using the formula we get,

⇒ $\sf R =\: \dfrac{540 \times 100}{9000 \times 2}$

⇒ $\sf R =\: \dfrac{54\cancel{000}}{18\cancel{000}}$

⇒ $\sf R =\: \dfrac{\cancel{54}}{\cancel{18}}$

➠ $\sf\bold{\red{R =\: 3\%}}$

$\therefore$ Rate of Interest is 3% .