Question

Use the formula for simple interest to help solve the following questions

Answer 1

Answer:

1. ₹ 382.50

2. ₹ 14,583.33

3. 6%

Step-by-step explanation:

Interest  = p × r × t

p = principal amount

r = rate of interest

t = time in years

(1) Interest = 10,200 × 0.025 × 1.5

                 = ₹ 382.50

(2) Principal = $\frac{I}{(r\times t)}$

                   = $\frac{1750}{(0.04 \times 3)}$

                   = $\frac{1750}{0.12}$

                  = ₹ 14,583.33

(3)  $Rate=\frac{(I \times 100)}{(p \times t)}$

              $=\frac{(1186.5 \times 100)}{(5650 \times 3.5)}$

              $=\frac{118650}{19775}$

              = 6%