Mahibur paid an interest of Rs. 750 for 2 years on a sum of Rs. 4500. If the rate of interest is $x \frac{1}{3}$ , then ' $x$ ' is ___.

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Solution

Simple Interest= $\frac{P \times R \times T}{100}$
Principle, P=Rs. 4500
Rate of Interest, R= $x \frac{1}{3}$ .
Time, T=2 years

750 = $\frac{4500 \times R \times 2}{100}$

R = $\frac{25}{3}$

R = 8 $\frac{1}{3}$
$∴$ x = 8

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Mahibur paid an interest of Rs. 750 for 2 years on a sum of Rs. 4500. If the rate of interest is x13, then 'x' is ___.

Simple Interest = P×R×T100 Principle, P = Rs. 4500 Rate of Interest, R = x13. Time, T = 2 years 750 = 4500×R×2100 R = 253 R = 813 ∴ x = 8

Mahibur paid an interest of Rs. 750 for 2 years on a sum of Rs. 4500. If the rate of interest is $x \frac{1}{3}$ , then ' $x$ ' is ___.

Simple Interest= $\frac{P \times R \times T}{100}$
Principle, P=Rs. 4500
Rate of Interest, R= $x \frac{1}{3}$ .
Time, T=2 years

750 = $\frac{4500 \times R \times 2}{100}$

R = $\frac{25}{3}$

R = 8 $\frac{1}{3}$
$∴$ x = 8