Q3 of 30 Page 121

The simple interest on Rs 45,000 in 3 years is Rs 13,500. What is the rate of interest?

Given: simple interest (SI):= Rs. 13,500, Rate of Interest (R) = ?% and Number of years (T) = 3 year, Principal (P) = Rs.45,000

As simple interest (SI):




⇒ 13500 = 1350R


⇒ R = 10


Rate of Interest (R) = 10%


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