66
The simple interest accrued on an amount of Rs. 9,530/- at the end of 6 years is Rs. 2,859/-. What is the rate of interest p.c:p.a:?
- A5
- B7
- C9
- D11
Answer not set
Log in or create a free account to reply and vote.
0
CCommunity
Solution
Principal amount = Rs. 9,530
Let rate of interest = $r$ %
=> Simple interest = $\frac{9530 \times r \times 6}{100} = 2859$
=> $r = \frac{2859 \times 100}{9530 \times 6}$
=> $r = 5$ %
Principal amount = Rs. 9,530
Let rate of interest = $r$ %
=> Simple interest = $\frac{9530 \times r \times 6}{100} = 2859$
=> $r = \frac{2859 \times 100}{9530 \times 6}$
=> $r = 5$ %
0
CCommunity
Solution
Principal amount = Rs. 9,530
Let rate of interest = $r$ %
=> Simple interest = $\frac{9530 \times r \times 6}{100} = 2859$
=> $r = \frac{2859 \times 100}{9530 \times 6}$
=> $r = 5$ %
Principal amount = Rs. 9,530
Let rate of interest = $r$ %
=> Simple interest = $\frac{9530 \times r \times 6}{100} = 2859$
=> $r = \frac{2859 \times 100}{9530 \times 6}$
=> $r = 5$ %