In what rate of interest Rs 4000 amount to Rs 6000 in 2year

Question

asked Oct 3, 2022 59.1k views

1 Answer

Bojan Milankovic · Answer 1 · 2022-10-09T08:00:32+0000

Principal = Rs 4000

Amount = Rs 6000

Time = 2 years

Rate = ?

Amount = principal + simple interest

Rs 6000 = Rs 4000 + simple interest

simple interest = Rs 6000 - Rs 4000 = Rs 2000

Simple interest = P*R*T/100

Rs 2000 = Rs 4000* R*2/100

R = 100/4 = 25%