Question

71. The simple interest of rs 6240 for 2 years becomes rs546 then the rate is:​

Answer 1

Answer:

22.9 %

Step-by-step explanation:

given principal, p = Rs. 6240

            and time, n = 2 years

                   also, i = Rs.546

we know , i =  Pnr/100

         => 546 = (6240*2*r)/100

         => r = (546*100)/(6240*2)

                 = (273*10) / 624

                 = 2.29 * 10

                 = 22.9 %