Question

What is the rate of intrtest, if Rs 3,750 amount to Rs 4,650 in 4 years?

Answer 1

$SI=4650-3750=900$Rs.

$SI=\frac{PRI}{100}$

$900=\frac{3750\times R\times 4}{100}$

$R=\frac{900\times 100}{3750\times 4}=60\%$.