Manmohan pays an interest of $R s . 760$ for $2$ years on a sum of $R s . 4, 500$ . find the rate of interest.

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Solution

Given, Principal, $P = R s 4500$
Rate of interest, $R = x$ %
Time, $T = 2 y e a r s$
Simple Interest, $S . I = R s 760$
We have,
Simple interest, S.I $= \frac{P \times R \times t}{100}$
$760 = \frac{4500 \times x \times 2}{100}$
$x = \frac{76000}{9000}$
$∴$ Rate of interest $= 8.44 %$

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Manmohan pays an interest of Rs. 760 for 2 years on a sum of Rs. 4,500. find the rate of interest.

Given, Principal, P=Rs4500 Rate of interest, R=x % Time, T=2years Simple Interest, S.I=Rs760We have,Simple interest, S.I =P×R×t100 760=4500×x×2100 x=760009000 ∴ Rate of interest =8.44%

Manmohan pays an interest of $R s . 760$ for $2$ years on a sum of $R s . 4, 500$ . find the rate of interest.

Given, Principal, $P = R s 4500$
Rate of interest, $R = x$ %
Time, $T = 2 y e a r s$
Simple Interest, $S . I = R s 760$
We have,
Simple interest, S.I $= \frac{P \times R \times t}{100}$
$760 = \frac{4500 \times x \times 2}{100}$
$x = \frac{76000}{9000}$
$∴$ Rate of interest $= 8.44 %$