Mrs Sen opens an account in bank by depositing Rs 10000 and gets back Rs 12850 after 3 years. What was the rate of interest on the it?

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Solution

SI $= A - P$
$= 12850 - 10000$
$= 2850$ Rs.
$S I = \frac{P R T}{100}$
$\Rightarrow 2850 = \frac{10000 \times R \times 3}{100}$
$\Rightarrow R = \frac{2850}{300} = 9.5$
$\Rightarrow R = 9.5 %$ .

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Mrs Sen opens an account in bank by depositing Rs 10000 and gets back Rs 12850 after 3 years. What was the rate of interest on the it?

SI=A−P=12850−10000=2850 Rs.SI=PRT100⇒2850=10000×R×3100⇒R=2850300=9.5⇒R=9.5%.

SI $= A - P$
$= 12850 - 10000$
$= 2850$ Rs.
$S I = \frac{P R T}{100}$
$\Rightarrow 2850 = \frac{10000 \times R \times 3}{100}$
$\Rightarrow R = \frac{2850}{300} = 9.5$
$\Rightarrow R = 9.5 %$ .