Answer:The formula for simple interest is given by:
Simple Interest
=
�
⋅
100
Simple Interest=
P⋅R⋅T
Where:
P is the principal amount (₹56500),
R is the rate of interest (which we need to find),
T is the time in years (2.5 years in this case, as 6 months is half a year).
Given that the simple interest is ₹16950, we can substitute these values into the formula:
16950
56500
2.5
16950=
56500⋅R⋅2.5
Now, solve for
R:
R=
56500⋅2.5
16950⋅100
3385000
141250
≈
24
%
R≈24%
Therefore, the rate of interest is approximately 24% per annum.
S
Answer:
[tex]\huge\pink{\mathfrak{answer:-}}[/tex]
Let the rate percent = r %
P = ₹5650
SI = ₹1695
time = 2y 6m = 2.5 years
SI = Prt / 100
1695 = 5650 x r x 2.5 / 100
1695 x 100 / 5650 x 2.5 ⇒r
r = 12
Rate is 12% per annum.
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Answers & Comments
Answer:The formula for simple interest is given by:
Simple Interest
=
�
⋅
�
⋅
�
100
Simple Interest=
100
P⋅R⋅T
Where:
�
P is the principal amount (₹56500),
�
R is the rate of interest (which we need to find),
�
T is the time in years (2.5 years in this case, as 6 months is half a year).
Given that the simple interest is ₹16950, we can substitute these values into the formula:
16950
=
56500
⋅
�
⋅
2.5
100
16950=
100
56500⋅R⋅2.5
Now, solve for
�
R:
�
=
16950
⋅
100
56500
⋅
2.5
R=
56500⋅2.5
16950⋅100
�
=
3385000
141250
R=
141250
3385000
�
≈
24
%
R≈24%
Therefore, the rate of interest is approximately 24% per annum.
S
Verified answer
Answer:
[tex]\huge\pink{\mathfrak{answer:-}}[/tex]
Let the rate percent = r %
P = ₹5650
SI = ₹1695
time = 2y 6m = 2.5 years
SI = Prt / 100
1695 = 5650 x r x 2.5 / 100
1695 x 100 / 5650 x 2.5 ⇒r
r = 12
Rate is 12% per annum.