Question

a sum of 6250 earns a CI of 1040 in 1 year when the interest is recovered half yearly find the rate of interest please answer ​

Answer 1

Answer:

1 year = 7290

half year = 3595

Step-by-step explanation:

1 year = 6250 + 1040 = 7290

half year = 7190 ÷ 2 = 3595

Answer 2

Step-by-step explanation:

P=6250,R=8%, T=1 year

$1 + \frac{r}{100} m$

where m id the time...

hope it helps uhh mate