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8000 became RS 10000 in two year at simple interest. The amount will that became 6875 in 3year at the same rate of interest is?
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8000 became RS 10000 in two year at simple interest. The amount will t...
Calculation of Interest Rate:

To find the interest rate, we can use the formula:

Simple Interest = (P * R * T) / 100

Where P is the principal amount, R is the rate of interest, and T is the time period.

Given, P = 8000, T = 2 years, and SI = 2000

2000 = (8000 * R * 2) / 100

R = 12.5%

Therefore, the rate of interest is 12.5%.

Calculation of Amount:

To find the amount that became 6875 in 3 years, we can use the formula:

Amount = P + (P * R * T) / 100

Where P is the principal amount, R is the rate of interest, and T is the time period.

Given, P = ?, T = 3 years, and Amount = 6875

6875 = P + (P * 12.5 * 3) / 100

6875 = P + (37.5 * P) / 100

6875 = P(1 + 0.375)

P = 5000

Therefore, the principal amount is 5000.

Conclusion:

The interest rate is 12.5% and the principal amount is 5000.
Community Answer
8000 became RS 10000 in two year at simple interest. The amount will t...
5000
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8000 became RS 10000 in two year at simple interest. The amount will that became 6875 in 3year at the same rate of interest is?
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