taedreamiee
Answered

Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

A sum of money amounts to ₹9800 after 5 years and ₹12005 after 8 years at the same rate of simple interest. What will be the rate of interest?

[Irrelevant answers will be reported]​

Sagot :

laxmiyuvraj

Answer:

12%

Step-by-step explanation:

We can get SI of 3 years = 12005 - 9800 = 2205

SI for 5 years = (2205/3)*5 = 3675 [so that we can get principal amount after deducting SI]

Principal = 12005 - 3675 = 6125

So Rate = (100*3675)/(6125*5) = 12%

We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.