B) Amount Rs 5760, Interest Rs 1526

Question

asked Apr 12, 2021 11.9k views

1 Answer

Aritesh · Answer 1 · 2021-04-19T08:27:09+0000

Given :

Amount, A = 5760 Rs.

Interest in the amount, I = 1526 Rs.

To Find :

We need to find the % rate of interest.

Solution :

Let, us assume it is simple interest.

So,

$Interest = (price * rate * time)/(100)\\\\1526 = (5760 * r * m)/(100)\\\\r = (152600)/(5760m)\\\\r = (26.5)/(m)$

Hence, this is the required solution.