"Financial Arithmetic Exercise 4.4 | Profit Calculation & Rate Percent | Q1 & Q4 Explained"

Описание: In this video, we solve Question 1 and Question 4 from Financial Arithmetic – Exercise 4.4.
Q1 focuses on finding the profit on Rs 50,000 at 5% per year for 6 years using the simple interest formula.
Q4 explains how to determine the annual rate percent at which Rs 68,000 amounts to Rs 90,440 in 11 years.

We use the following formulas:

I = P × R × T / 100

R = (I × 100) / (P × T)


This video will help you understand simple interest, profit, and rate percent in a clear and easy way.
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