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03-04-2021
Mathematics

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In what rate of interest Rs 4000 amount to Rs 6000 in 2year

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AmiAblePshYcO AmiAblePshYcO

03-04-2021

Principal = Rs 4000

Amount = Rs 6000

Time = 2 years

Rate = ?

Amount = principal + simple interest

Rs 6000 = Rs 4000 + simple interest

simple interest = Rs 6000 - Rs 4000 = Rs 2000

Simple interest = P*R*T/100

Rs 2000 = Rs 4000* R*2/100

R = 100/4 = 25%

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