A Sum Of Rs. 12,500 Amounts To Rs. 15,500 In 4 Years At The Rate Of S

1.	A Sum Of Rs. 12,500 Amounts To Rs. 15,500 In 4 Years At The Rate Of Simple Interest. What Is The Rate Of Interest?
Answer» S.I = AMOUNT to be paid - Principal =&GT; S.I. = Rs. (15500 - 12500) = Rs. 3000. Simple Interest, S.I = ( p x t x R) / 100 => RATE = S.I * 100 / (p x t) =>Rate = (100 x 3000 / 12500 x 4) % = 6 % S.I = Amount to be paid - Principal => S.I. = Rs. (15500 - 12500) = Rs. 3000. Simple Interest, S.I = ( p x t x r) / 100 => Rate = S.I * 100 / (p x t) =>Rate = (100 x 3000 / 12500 x 4) % = 6 %

A Sum Of Rs. 12,500 Amounts To Rs. 15,500 In 4 Years At The Rate Of Simple Interest. What Is The Rate Of Interest?

Answer»

S.I = AMOUNT to be paid - Principal

=&GT; S.I. = Rs. (15500 - 12500) = Rs. 3000.

Simple Interest, S.I = ( p x t x R) / 100

=> RATE = S.I * 100 / (p x t)

=>Rate = (100 x 3000 / 12500 x 4) % = 6 %

S.I = Amount to be paid - Principal

=> S.I. = Rs. (15500 - 12500) = Rs. 3000.

Simple Interest, S.I = ( p x t x r) / 100

=> Rate = S.I * 100 / (p x t)

=>Rate = (100 x 3000 / 12500 x 4) % = 6 %