Principal = 5000. Interest - 1500, Time - 3 years – InterviewSolution

1.

Principal = 5000. Interest - 1500, Time - 3 years

Answer»

Rate = 10%p.a.

Step-by-step EXPLANATION:

Principal = 5000(P)

Interest - 1500 (S.I)

Time - 3 years(T)

Rate = (S.I × 100)/(P × T)

=1500*100/5000*3

= 10%.(Answer)

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