Question

8. A what rate per cent per annum will the interest
Rs. 1305 amount to Rs. 1740 in 4 months ?​

Answer 1

Answer:

Given

Amount = Rs 1740

Principal = Rs 1305

SI = Amount - Principal

SI = 1740-1305

SI = Rs 435

SI = P × R × T / 100

435 = 1305 × R × 4 / 100× 365

435 = 19053 × R

R = 19053/435

R = 43.8 years.

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