A certain sum amounts to ₹57,600 at the end of five years and to ₹48,960 at the end of three years both being at simple interest. Find the rate of interest.
Question
Solution 1
Sure, here is the step by step solution:
Step 1: We know that the formula for simple interest is I = PRT/100, where P is the principal amount, R is the rate of interest, and T is the time in years.
Step 2: Given that the sum amounts to ₹57,600 at the end of five years and ₹48,960 at the end of thr Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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