A sum invested on simple interest grows to Rs 22500/- and Rs 25500/- is seven and nine years respectively. What is the rate percentage of the interest ?
Question
Solution 1
To solve this problem, we need to use the formula for simple interest which is I = PRT/100, where I is the interest, P is the principal amount, R is the rate of interest, and T is the time in years.
- First, we need to find out the principal amount. We know that the sum grows to Rs 22500 in 7 year Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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