## A certain sum of money at simple interest became rs.7,396 in two years and rs.7950.70 in three years. Find the rate of interest?

Question

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## Answers ( )

Answer:Rate of interest = 7.5%

Step-by-step explanation:☞

Given:= Rs7396Amount= 2 yearsTimeAmountfor3r= Rs7950.70d= 3 yearsTimeWe Know That ,

Puttingthevalues:onSolving

equation1and2.Whatyouneedtoknow?Where p = principal

r = rate

n = time

CI = Amount – Principal

SI = p×r×t / 100