SOLUTION: What rate of simple interest is needed for a principal of Rs 7 500 to amount to
Rs 10 500 in 5 years ?
PS : Rs= rupees ( money used in my country), thanks you for answering f
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Rs 10 500 in 5 years ?
PS : Rs= rupees ( money used in my country), thanks you for answering f
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Question 927678: What rate of simple interest is needed for a principal of Rs 7 500 to amount to
Rs 10 500 in 5 years ?
PS : Rs= rupees ( money used in my country), thanks you for answering for the solution and explanation or hint. Answer by srinivas.g(540) (Show Source):
You can put this solution on YOUR website! Principal(P) =Rs 7500
Final amount =Rs 10500
Simple interest = 10500-7500 = Rs 3000
time (T)= 5 years
let R be the rate of interest
S.I =
3000 =
3000 =
rate of interest = 8 %
