Contact Style About

Rampal deposited * 25,000 in the bank for 4 years and obtained simple interest 8,000. What is the rate of simple interest? With th

By Lyla

Rampal deposited * 25,000 in the bank for 4 years and obtained simple interest 8,000. What is the rate of simple interest? With the same rate and same period if he deposits amount 12,500, then how much interest he will get?​

About the author
Lyla

A twenty five question mathematics test is scored by allowing 5 points for each correct answer and -4 Points for each wrong answer

. Based on battle of Plassey, answer the following :

(a) Year and place : ______________________________________

1 thought on “Rampal deposited * 25,000 in the bank for 4 years and obtained simple interest 8,000. What is the rate of simple interest? With th”

  1. Answer:

    Answer:

    R = 8%

    SI = 4000

    Step-by-step explanation:

    1)

    We know,

    SI = PTR/100

    Given,

    SI = 8000

    Principal,P = 25000

    Time,T = 4years

    To find,

    Rate of interest,R = ?

    Let’s substitute the given values in the formula :-

    8000 = 25000 x 4 x R/100

    R = 8000 x 100/25000 x 4

    R = 8 x 100/25 x 4

    R = 2 x 100/25

    R = 2 x 4

    R = 8

    Hence,

    Rate of interest,R = 8%

    2)

    Given,

    P = 12500

    T = 4 yes

    R = 8%

    To find,

    SI = ?

    We know,

    SI = PTR/100

    SI = 12500 x 4 x 8/100

    SI = 125 x 4 x 8

    SI = 4000

    Hence,

    Simple interest,SI = 4000

    Hope it helps

    Reply

Leave a Comment