Question

At what rate of interest the sum of Rs 4000 amount to rs 6000 in 4 years​

Answer 1

interest=4000

amount =6000

time =4yr

principal =6000-4000

=2000

interest=principal×time×rate/100

4000= 2000×4×r/100

4000=8000×r/100

r=8000-4000/100

r=2000/100

r=20

Answer 2

12.5 %

Explanation:

I = PRT

I is the interest, P is the Principle, R is the Rate and T is the time

The interest is 6000- 4000 = 2000

2000 = 4000* R *4

2000 = 16000R

Divide each side by 16000

2000/16000 = R

.125 = R

Changing to percent form

12.5 %