Answer:
25/3%
Step-by-step explanation:
let rate of interest be x%
I=P×R×T100
750=4500⋅R⋅2100
R=750⋅1004500⋅2=75090
=759=253
interest of 2 yrs =750rs
interest of 1 year =7502=375rs
interest = x%of principal amount
=4500×x100=45x
45x=375
x=37545
x=253
Rate of interest = 25/3%
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Answers & Comments
Answer:
25/3%
Step-by-step explanation:
let rate of interest be x%
I=P×R×T100
750=4500⋅R⋅2100
R=750⋅1004500⋅2=75090
=759=253
interest of 2 yrs =750rs
interest of 1 year =7502=375rs
interest = x%of principal amount
=4500×x100=45x
45x=375
x=37545
x=253
Rate of interest = 25/3%