Question
A sum of Rs. 2500 amounts to Rs. 3875 in 4 years at the rate of simple interest. What is the rate of interest?
Answer: Option D
SIMPLE INTEREST, SI = (3875 – 2500) = RS.1375
PRINCIPAL, P = RS. 2500
TIME, T = 4 YEARS
R = ?
R=100×SI/PT=100×13752/500×4
=100×1375/10000=13.75%
Was this answer helpful ?
SIMPLE INTEREST, SI = (3875 – 2500) = RS.1375
PRINCIPAL, P = RS. 2500
TIME, T = 4 YEARS
R = ?
R=100×SI/PT=100×13752/500×4
=100×1375/10000=13.75%
Was this answer helpful ?
More Questions on This Topic :
Latest Videos
Latest Test Papers
Submit Solution