Principal = ₹ 15,000
Interest = ₹ 22125 – ₹ 15,000 = ₹ 7125
Time = 5 years
Rate = \frac{\text { Interest } × 100}{\text { Principal } × \text { Time }}
= \frac{7125 × 100}{15000 × 5}
= \frac{1425}{150}
= \frac{95}{10} = 9.5
∴ Rate = 9.5 %
Principal = ₹ 15,000
Interest = ₹ 22125 – ₹ 15,000 = ₹ 7125
Time = 5 years
Rate = \frac{\text { Interest } × 100}{\text { Principal } × \text { Time }}
= \frac{7125 × 100}{15000 × 5}
= \frac{1425}{150}
= \frac{95}{10} = 9.5
∴ Rate = 9.5 %
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