Mahibur paid an interest of Rs. 750 for 2 years on a sum of Rs. 4500 on simple

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Question

Mahibur paid an interest of Rs. 750 for 2 years on a sum of Rs. 4500 on simple interest. If the rate of interest is

x \frac{1}{3}

% p.a, then '

x

' is ___.

Answer:
:
Simple Interest

=

\frac{P R T}{100}

Principle, P

=

4500.
Rate of Interest, R

=

x \frac{1}{3}

.
Time, T

=

2.
750 =

\frac{4500 \times R \times 2}{100}

R =

\frac{25}{3}

R = 8

\frac{1}{3}

Hence,x = 8.

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