Which is the rate of interest for rupees 2500 at simple interest to become rupees 3300 in 4yrs
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Answered by
4
in 8% rate.
hope this helps you.
hope this helps you.
Answered by
10
Answer: Rate% = 8%
Step-by-step explanation:-
Amount = ₹3300
Principal = ₹2500
Time = ₹4 years
Amount(A) =Principal
(P)+Simple Interest (S.I.)
A = P + (PRT/100)
A = P{1+ (RT/100)}
₹3300= 2500{1+(R x 4/100)}
₹3300/2500= (25+R)/25
₹33/25*25 = 25 + R
Then,cancel 25 with 25
R = ₹(33-25)
R = 8%
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