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Suresh borrowed Rs 1750 from dinesh for 5 months dinesh charged him Rs 43.75 at simple interest. Find the rate of interest?
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Suresh borrowed Rs 1750 from dinesh for 5 months dinesh charged him Rs...
Calculation of Interest Rate
To calculate the rate of interest, we need to use the formula for simple interest:
Simple Interest = (Principal x Rate x Time)/100
Here, Principal = Rs 1750, Time = 5 months, and Simple Interest = Rs 43.75
Substitute the values in the formula
43.75 = (1750 x Rate x 5)/100
Solve for the rate of interest
Rate = (43.75 x 100)/(1750 x 5)
Rate = 0.5 or 0.50 or 50%
Therefore, the rate of interest is 50%.
Explanation
Simple interest is calculated on the principal amount for a specific period of time. In this case, Suresh borrowed Rs 1750 for 5 months. Dinesh charged him Rs 43.75 as simple interest. To calculate the rate of interest, we use the formula for simple interest. We substitute the known values in the formula and solve for the rate of interest. The rate of interest in this case is 50%. This means that Dinesh charged Suresh 50% interest on the borrowed amount for 5 months.
To calculate the rate of interest, we need to use the formula for simple interest:
Simple Interest = (Principal x Rate x Time)/100
Here, Principal = Rs 1750, Time = 5 months, and Simple Interest = Rs 43.75
Substitute the values in the formula
43.75 = (1750 x Rate x 5)/100
Solve for the rate of interest
Rate = (43.75 x 100)/(1750 x 5)
Rate = 0.5 or 0.50 or 50%
Therefore, the rate of interest is 50%.
Explanation
Simple interest is calculated on the principal amount for a specific period of time. In this case, Suresh borrowed Rs 1750 for 5 months. Dinesh charged him Rs 43.75 as simple interest. To calculate the rate of interest, we use the formula for simple interest. We substitute the known values in the formula and solve for the rate of interest. The rate of interest in this case is 50%. This means that Dinesh charged Suresh 50% interest on the borrowed amount for 5 months.
Community Answer
Suresh borrowed Rs 1750 from dinesh for 5 months dinesh charged him Rs...
Rate of interest shall be 6 percent
soln-
1750*(x%)(5/12)= 43.75
solving this we get x is equal to 6
telherefore rate of interest is 6%
soln-
1750*(x%)(5/12)= 43.75
solving this we get x is equal to 6
telherefore rate of interest is 6%
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Suresh borrowed Rs 1750 from dinesh for 5 months dinesh charged him Rs 43.75 at simple interest. Find the rate of interest?
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Suresh borrowed Rs 1750 from dinesh for 5 months dinesh charged him Rs 43.75 at simple interest. Find the rate of interest? for B Com 2025 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Suresh borrowed Rs 1750 from dinesh for 5 months dinesh charged him Rs 43.75 at simple interest. Find the rate of interest? covers all topics & solutions for B Com 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Suresh borrowed Rs 1750 from dinesh for 5 months dinesh charged him Rs 43.75 at simple interest. Find the rate of interest?.
Suresh borrowed Rs 1750 from dinesh for 5 months dinesh charged him Rs 43.75 at simple interest. Find the rate of interest? for B Com 2025 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Suresh borrowed Rs 1750 from dinesh for 5 months dinesh charged him Rs 43.75 at simple interest. Find the rate of interest? covers all topics & solutions for B Com 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Suresh borrowed Rs 1750 from dinesh for 5 months dinesh charged him Rs 43.75 at simple interest. Find the rate of interest?.
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