Answers

  • Brainly User
2016-04-10T17:34:58+05:30

principle = $5000

amount = $ 6050

simple interest = amount - principle = $ 1050

time = 3 + 4/12 = 10/3 years

S.I. = [P * R * T]/100 

1050 = [ 5000 * R * 10]/300

1050 * 3/ 50 * 10 = R

or R = 6.3%



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2016-04-11T20:37:07+05:30
S.I=P*T*R/100
GIVEN,
P=5000
A=6050 
S.I=A-P
S.I=6050-5000
S.I=1050
T=3 YEARS 4 MONTHS  =3+1/3
1050= 5000*10*R/100*3
R=1050*100*3/50000
R=6.3
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