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A borrowed amount of rs 4000 amounts to rs 5400 in 5years how much will rs 5600 amount to in to in 3 years at the same rate?
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A borrowed amount of rs 4000 amounts to rs 5400 in 5years how much wil...
**Calculating the Rate of Interest**
To find the rate of interest, we can use the formula:
Rate of Interest = (Amount - Principal) / (Principal * Time)
Given that the borrowed amount is Rs 4000 and it amounts to Rs 5400 in 5 years, we can substitute these values into the formula:
Rate of Interest = (5400 - 4000) / (4000 * 5) = 1400 / 20000 = 0.07 or 7%
So, the rate of interest is 7%.
**Calculating the Final Amount**
Now, we need to find out how much Rs 5600 will amount to in 3 years at the same rate of interest. We can use the formula:
Final Amount = Principal + (Principal * Rate of Interest * Time)
Substituting the given values:
Final Amount = 5600 + (5600 * 0.07 * 3) = 5600 + 1176 = Rs 6776
Therefore, Rs 5600 will amount to Rs 6776 in 3 years at the same rate of interest.
**Explanation:**
- To calculate the rate of interest, we use the formula (Amount - Principal) / (Principal * Time).
- By substituting the given values, we find the rate of interest to be 7%.
- To calculate the final amount, we use the formula Principal + (Principal * Rate of Interest * Time).
- Substituting the given values, we find that Rs 5600 will amount to Rs 6776 in 3 years at the same rate of interest of 7%.
- This calculation assumes that the rate of interest remains constant over time.
To find the rate of interest, we can use the formula:
Rate of Interest = (Amount - Principal) / (Principal * Time)
Given that the borrowed amount is Rs 4000 and it amounts to Rs 5400 in 5 years, we can substitute these values into the formula:
Rate of Interest = (5400 - 4000) / (4000 * 5) = 1400 / 20000 = 0.07 or 7%
So, the rate of interest is 7%.
**Calculating the Final Amount**
Now, we need to find out how much Rs 5600 will amount to in 3 years at the same rate of interest. We can use the formula:
Final Amount = Principal + (Principal * Rate of Interest * Time)
Substituting the given values:
Final Amount = 5600 + (5600 * 0.07 * 3) = 5600 + 1176 = Rs 6776
Therefore, Rs 5600 will amount to Rs 6776 in 3 years at the same rate of interest.
**Explanation:**
- To calculate the rate of interest, we use the formula (Amount - Principal) / (Principal * Time).
- By substituting the given values, we find the rate of interest to be 7%.
- To calculate the final amount, we use the formula Principal + (Principal * Rate of Interest * Time).
- Substituting the given values, we find that Rs 5600 will amount to Rs 6776 in 3 years at the same rate of interest of 7%.
- This calculation assumes that the rate of interest remains constant over time.
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A borrowed amount of rs 4000 amounts to rs 5400 in 5years how much wil...
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A borrowed amount of rs 4000 amounts to rs 5400 in 5years how much will rs 5600 amount to in to in 3 years at the same rate?
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A borrowed amount of rs 4000 amounts to rs 5400 in 5years how much will rs 5600 amount to in to in 3 years at the same rate? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about A borrowed amount of rs 4000 amounts to rs 5400 in 5years how much will rs 5600 amount to in to in 3 years at the same rate? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A borrowed amount of rs 4000 amounts to rs 5400 in 5years how much will rs 5600 amount to in to in 3 years at the same rate?.
A borrowed amount of rs 4000 amounts to rs 5400 in 5years how much will rs 5600 amount to in to in 3 years at the same rate? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about A borrowed amount of rs 4000 amounts to rs 5400 in 5years how much will rs 5600 amount to in to in 3 years at the same rate? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A borrowed amount of rs 4000 amounts to rs 5400 in 5years how much will rs 5600 amount to in to in 3 years at the same rate?.
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