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Certain sum of money amount still 6300 into years and 7875 in 3 years and 9 months at simple interest find the rate of interest per annum?
Most Upvoted Answer
Certain sum of money amount still 6300 into years and 7875 in 3 years ...
Given:
- Principal amount (P) = Rs.6300
- Amount after 3 years and 9 months (A) = Rs.7875
- Time (t) = 3 years and 9 months = 3.75 years
To find:
- Rate of interest per annum (R)
Formula:
Simple Interest (SI) = P * R * t / 100
Amount (A) = P + SI
Calculation:
- From the given data, we can write:
SI = A - P
SI = Rs.(7875 - 6300) = Rs.1575
t = 3.75 years
P = Rs.6300
- Substituting the values in the formula:
1575 = 6300 * R * 3.75 / 100
R = 1575 * 100 / (6300 * 3.75)
R = 14%
Answer:
The rate of interest per annum is 14%.
- Principal amount (P) = Rs.6300
- Amount after 3 years and 9 months (A) = Rs.7875
- Time (t) = 3 years and 9 months = 3.75 years
To find:
- Rate of interest per annum (R)
Formula:
Simple Interest (SI) = P * R * t / 100
Amount (A) = P + SI
Calculation:
- From the given data, we can write:
SI = A - P
SI = Rs.(7875 - 6300) = Rs.1575
t = 3.75 years
P = Rs.6300
- Substituting the values in the formula:
1575 = 6300 * R * 3.75 / 100
R = 1575 * 100 / (6300 * 3.75)
R = 14%
Answer:
The rate of interest per annum is 14%.
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Certain sum of money amount still 6300 into years and 7875 in 3 years and 9 months at simple interest find the rate of interest per annum?
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Certain sum of money amount still 6300 into years and 7875 in 3 years and 9 months at simple interest find the rate of interest per annum? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Certain sum of money amount still 6300 into years and 7875 in 3 years and 9 months at simple interest find the rate of interest per annum? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Certain sum of money amount still 6300 into years and 7875 in 3 years and 9 months at simple interest find the rate of interest per annum?.
Certain sum of money amount still 6300 into years and 7875 in 3 years and 9 months at simple interest find the rate of interest per annum? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Certain sum of money amount still 6300 into years and 7875 in 3 years and 9 months at simple interest find the rate of interest per annum? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Certain sum of money amount still 6300 into years and 7875 in 3 years and 9 months at simple interest find the rate of interest per annum?.
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