Question discussion

At what rate simple interest will Rs.4800 amount to Rs. 6480 in a span of 7 years ?

116284Medium 2 replies 621 views
0
CCommunity
Solution
Let' s say rate of simple interest is R
Hence, according to the question $4800 \times \frac{R}{100} \times 7 = (6480-4800)$
Now from the above equation we will find the answer as 5
0
CCommunity
Solution
Let' s say rate of simple interest is R
Hence, according to the question $4800 \times \frac{R}{100} \times 7 = (6480-4800)$
Now from the above equation we will find the answer as 5