Question
A sum of Rs. 8000 amounts to Rs. 9200 in 3 years at
simple interest. Find the rate per annum.Solution
ATQ, SI = Amount - Principal = 9200 - 8000 = 1200 SI = (PRT)/100 1200 = (8000R3)/100 1200 = (24000R)/100 1200 = 240R R = 1200/240 = 5%
More Simple and compound interest Questions
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