Find the rate percent p.a if Rs 2,00,000 amounts to Rs 2,75,000 in 1.5 years (Simple Interest).

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Solution

$P = 2, 00, 000 T = \frac{3}{2} I = 2, 75, 000 - 2, 00, 000 I = 75, 000 75, 000 = \frac{2, 00, 000 \times R \times \frac{3}{2}}{100} 3 R = 75 R = 25 %$

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Find the rate percent p.a if Rs 2,00,000 amounts to Rs 2,75,000 in 1.5 years (Simple Interest).

P=2,00,000T=32I=2,75,000−2,00,000I=75,00075,000=2,00,000×R×321003R=75R=25%

$P = 2, 00, 000 T = \frac{3}{2} I = 2, 75, 000 - 2, 00, 000 I = 75, 000 75, 000 = \frac{2, 00, 000 \times R \times \frac{3}{2}}{100} 3 R = 75 R = 25 %$