1200 be more than the interest on1000 by50 in 3 yrs, find the rate per – InterviewSolution

1.

1200 be more than the interest on1000 by50 in 3 yrs, find the rate perIf the interest oncent.

Answer»

SI = P*R*T/100

For P= 1200, T= 3SI1= 1200*R*3/100 = 36R

For P = 1000, T= 3SI2 = 1000*R*3/100 = 30R

Given,SI1 - SI2 = 5036R - 30R = 506R = 50R = 50/6R = 25/3 = 8.3

Rate of Interest = 8.3%

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