Question

17. A sum of Rs 1600 gives a simple interest of 252 of Rs 252 in 2 years abd 3 months, The rate of interest annum is?​

Answer 1

Answer:

14 .95

Step-by-step explanation:

First find principal money, 1600-252= 1348

then convert time into years,

15÷12=1.25 years.

Now use simple interest formula and substitute values. You will get rate as 14.95%