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At what of interest per year a sum of Rs 7200amount to Rs 9540 in 5 years? |
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Answer» Answer: difference=9540-7200 =2340 so, weknow that INTEREST =Principal×time×RATE/100 and interest is 2340 so,2340=7200×5×rate/100 we GET, rate=(2340×100)/7200×5 rate=2340/360 rate=6.5 so, at the rate of 6.5%interest PER annum. hope it helps you dear☺️☺️☺️ |
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