What will be the interest and amount on Rs 4500 for 16 months at the r – InterviewSolution

1.

What will be the interest and amount on Rs 4500 for 16 months at the rate of10 %.

Answer»

Step-by-step expTime(N) =3 years

Simple interest=Amount-Principal

=5400-4500

=Rs 900

S. I. =PNR/100

900=4500×3×R/100

R=900×100/4500×3

R=20/3

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