Question

4.
Find Rate when
P= 500, T = 146 days and S.I. = 164​

Answer 1

Answer:

SI = (PxRxT)/100

164 = (500 x R x 146)/100

164 = 730 x R

R = 730/164

R = 4.45 %

Therefore the req. rate is 4.45%.

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Answer 2

Step-by-step explanation:

P = 500

T = 146days = (146/365)year = 2/5year

S.I. = 164

S.I. = (P×R×T)/100

164 = (500×R×2)/(5×100)

164 = 1000R / 500

164 × 500 = 1000R

82000/1000 = R

82 = R

R = 82%