Examples
Last updated at December 16, 2024 by Teachoo
Transcript
Example 15 If Manohar pays an interest of Rs 750 for 2 years on a sum of Rs 4,500, find the rate of interest?I = Rs 750 T = 2 years P = Rs 4500 R = ? Now, I = šš š/100 750 = (šššš Ć š¹ Ć š)/ššš 750 = 45 Ć 2R 45 Ć 2R = 750 R = ššš/(šš Ć š) R = 375/45 R = 125/15 R = 25/3 R = 8 š/š % p.a So, rate of interest is 8 š/š % p.a