Question

7. If the simple interest on 205 in 4 years is 28.70, find the rate of interest per cent p.a.​

Answer 1

Answer:

by using formula

SI=P×R×T/100

here SI,P and T is given

so we have to find R

R = SI×100/P×T

R = 205×100/28.70×4

R= 178.04