Answered

Westonci.ca offers quick and accurate answers to your questions. Join our community and get the insights you need today. Get immediate and reliable solutions to your questions from a knowledgeable community of professionals on our platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

A sum of Rs. 12,500 amounts to Rs. 16,500 in 4 years at the rate of simple interest. What is the rate of interest?

Sagot :

rwaned06

Answer:

100

Step-by-step explanation:

View image rwaned06

Answer:

The rate of interest is6.4 %

Step-by-step explanation:

Given : Principal (P) = Rs12500  

         Total amount (A) = Rs16500.

         The time period (t) =5  years

To find : Rate of interest (R) = ?

Solution :

It is given that Principal (P) = Rs. 12500

        Total amount (A) = Rs.   16500

        The time period (t) =5  years  

We have to find rate of interest (R).

We know the formula for simple interest as,

       S.I. = A-P

             = 16500±12500

             = Rs. 4000

Now, to find rate of interest, use the formula for simple interest as

           S.I. =  

          ∴

          ∴ *R

             ∴  

                    ∴  

                       ∴R=6.4  %                          

∴  The rate of interest is6.4 %.

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.