A sum of RS 3200 become RS 3456 in two years at a certain rate of simple interest What - Maths - Algebraic Expressions

Question

A sum of RS 3200 become RS 3456 in two years at a certain rate of
simple interest What is the rate of interest per annum?

Shrutina Agarwal · Accepted Answer

Dear Student,
Interest = Amount - Principal = Rs 3456 - 3200 = Rs 256
R = SI × 100P × t = 256 × 1003200×2 = 4% pa
Regards,

A sum of RS 3200 become RS 3456 in two years at a certain rate of simple interest. What is the rate of interest per annum?