Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On investing Rs. 20000 in simple interest for two years, the interest earned is Rs. 190 more than the interest earned when Rs. 13000

On investing Rs. 20000 in simple interest for two years, the interest earned is Rs. 190 more than the interest earned when Rs. 13000 is invested in simple interest for three years, at the same rate. Find the rate of interest (in % per annum). 1. 12 16 18 4. 19 24 2. 3. 5.

Step by Step Solution

3.46 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

Solution 4 We know Simple Interest Principal Amount x Rate of Interest x Time Period... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Algebra Graphs and Models

Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna

5th edition

321845404, 978-0321791009, 321791002, 978-0321783950, 321783956, 978-0321845405

More Books

Students also viewed these Mathematics questions