For what interest Rs. 30,000/- becomes in three years Rs. 37,500/-?(A) 6 1/4 percent(B) 8 1/2 percent(C) 7 1/2 percent(D) 8 1/8 percent

For what interest Rs. 30,000/- becomes in three years Rs. 37,500/-?(

1.	For what interest Rs. 30,000/- becomes in three years Rs. 37,500/-?(A) 6 1/4 percent(B) 8 1/2 percent(C) 7 1/2 percent(D) 8 1/8 percent
Answer» :-Principle :- ₹ 30000Total AMOUNT :- ₹ 37500Time :- 3 YEARS ➤ To Find :-RATE of interest for the given SUM ➤ Formula required :-➤ Solution :-First, we should find the value of the SIMPLE interest by subtracting the total amount and the principle Simple Interest :-Now, Rate of interest :- The rate of interest of the given sum is ━━━━━━━━━━━━━━━━━━━━━━ Some related formulas :-Simple Interest :- Principle :- Time :-