pls ans in paper plss
Share
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Verified answer
❄︎ Reffer the Attachment friend ☝︎☝︎☝︎
Solution :
i)
Given :
I = 1200
P = 1320
T = 2 year
To find :
R = ?
Solution :
=> R = I x 100/T x P
=> R = 1200 x 100/2 x 1320
=> R = 120000/2640
=> R = 45.45 %
∴ Rate of interest is 45.45 %
ii)
Given :
I = 300
P = 400
T = 2 year
To find :
R = ?
Solution :
=> R = I x 100/T x P
=> R = 300 x 100/2 x 400
=> R = 30000/800
=> R = 37.5 %
∴ Rate of interest is 37.5 %