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If ₹ 3,750 amount to ₹ 4,620 in 3 years at simple interest. Find: (i) the rate of interest

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If ₹ 3,750 amount to ₹ 4,620 in 3 years at simple interest. Find: 

(i) the rate of interest 

(ii) the amount of Rs. 7,500 in 5 1/2 years at the same rate of interest

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1 Answer

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Best answer

(i) In first Case :

A = Rs.4620    P = Rs.3750

I = A - P = Rs.4620 - Rs.3750 = Rs.870

T = 3 years

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