Practicing Success
The simple interest on ₹1800 is ₹20 more than simple interest on ₹1700 in 4 years then find the interest rate per annum. |
15% 8% 5% 10% |
5% |
\(\frac{P\;×\;R\;×\;T}{100}\) = S.I. ATQ, ⇒ \(\frac{1800 × RT}{100}\) - \(\frac{1700 × RT}{100}\) = 20 ⇒ \(\frac{RT}{100}\) × 100 = 20 ⇒ RT = 20 ⇒ R × 4 = 20 (Here T = 4) ⇒ R = 5% |