Find the rate of interest when principal is 7500 times is 5 years and

1.	Find the rate of interest when principal is 7500 times is 5 years and interest is 750
Answer» Answer: The Rate of Interest is 2% p.a. Step-by-step EXPLANATION: Simple Interest = Rs. 750 Time = 5 yrs Principal = Rs. 7500 Rate = Simple Interest = (PRT)/100 = 750 = (7500R5)/100 = 75000 = 37500 R = 2 = Rate of Interest Hope this helps.

Find the rate of interest when principal is 7500 times is 5 years and interest is 750

Answer»

Answer:

The Rate of Interest is 2% p.a.

Step-by-step EXPLANATION:

Simple Interest = Rs. 750

Time = 5 yrs

Principal = Rs. 7500

Rate = Simple Interest = (P*R*T)/100

= 750 = (7500*R*5)/100

= 75000 = 37500 R

= 2 = Rate of Interest

Hope this helps.