Find the rate of interest if the simple interest is Rs 675 for a principal of Rs 1500 for a - Maths - Comparing Quantities

Question

Find the rate of interest if the simple interest is Rs 675 for a
principal of Rs 1500 for a period of 3 years

Neha Sethi · Accepted Answer

Dear student
S
I=Rs 675, P=Rs 1500 and T=3 yearsWe know,S
I=PRT100⇒675=1500×3×R100⇒67500=4500×R⇒R=675004500⇒R=15%So, the rate of interest is 15% p
a
Regards

Find the rate of interest if the simple interest is Rs.675 for a principal of Rs.1500 for a period of 3 years