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Interest obtained on a sum of Rs. 5000 for 3 years is Rs. 1500. Find the rate percent.

18%
29%
310%
411%

Answer:- 1

Explanation:-

Solution:

\begin{aligned} Let rate is R % \\ We have, \\ I = \frac{P T R}{100} \\ Here, 1500 = 5000 \times 3 \times R \\ Thus, R = 10 % \end{aligned}

$\eqalign{ & {\text{Let}}\,{\text{rate}}\,{\text{is}}\,R\% \cr & {\text{We}}\,{\text{have}}, \cr & I = \frac{{PTR}}{{100}} \cr & {\text{Here}},\,1500 = 5000 \times 3 \times R \cr & {\text{Thus}},\,R = 10\% \cr}$

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", "dateCreated": "7/24/2019 10:09:12 AM", "author": { "@type": "Person", "name": "Nitin Sir" } }, "suggestedAnswer": { "@type": "Answer", "text": "

Solution:

\begin{aligned} Let rate is R % \\ We have, \\ I = \frac{P T R}{100} \\ Here, 1500 = 5000 \times 3 \times R \\ Thus, R = 10 % \end{aligned}

$\eqalign{ & {\text{Let}}\,{\text{rate}}\,{\text{is}}\,R\% \cr & {\text{We}}\,{\text{have}}, \cr & I = \frac{{PTR}}{{100}} \cr & {\text{Here}},\,1500 = 5000 \times 3 \times R \cr & {\text{Thus}},\,R = 10\% \cr}$ ", "dateCreated": "7/24/2019 10:09:12 AM" } }

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