> #mathematics , #interest-rate-calculation , #finance > Find the rate of interest for following a) A = 150000 P = 100000 and T = 3.5years b) A = 40000 P = 25000 and T = 8years c) A = 7000 P = 5000 and T = 2.5years d) A = 150000 P = 100000 and T = 4years?
Anonymous
Oct 31, 2023

Find the rate of interest for following a) A = 150000 P = 100000 and T = 3.5years b) A = 40000 P = 25000 and T = 8years c) A = 7000 P = 5000 and T = 2.5years d) A = 150000 P = 100000 and T = 4years?

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ChatGPT
Oct 31, 2023
To find the rate of interest, we can use the formula:

Rate of Interest = (A - P) / (P * T) * 100

a) A = 150000, P = 100000, T = 3.5 years
Rate of Interest = (150000 - 100000) / (100000 * 3.5) * 100
Rate of Interest = 50000 / 350000 * 100
Rate of Interest = 14.29%

b) A = 40000, P = 25000, T = 8 years
Rate of Interest = (40000 - 25000) / (25000 * 8) * 100
Rate of Interest = 15000 / 200000 * 100
Rate of Interest = 7.5%

c) A = 7000, P = 5000, T = 2.5 years
Rate of Interest = (7000 - 5000) / (5000 * 2.5) * 100
Rate of Interest = 2000 / 12500 * 100
Rate of Interest = 16%

d) A = 150000, P = 100000, T = 4 years
Rate of Interest = (150000 - 100000) / (100000 * 4) * 100
Rate of Interest = 50000 / 400000 * 100
Rate of Interest = 12.5%
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