If the simple interest on ₹205 in 4 years is ₹28.70, find the rate of interest percent p.a.
Answer - - > 3.5%
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If the simple interest on ₹205 in 4 years is ₹28.70, find the rate of interest percent p.a.
Answer - - > 3.5%
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Answer:
principal=205, Time=4years, si=28.70
[tex]rate \: of \: interest = \frac{s.i \times 100}{p \times t} \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: = \frac{28.70 \times 100}{205 \times 4} \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: = \frac{2870}{820} \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: = 3.5\%[/tex]
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