Question

A sum of money become 7/4 of itself in 16 years at certain rate of intrest, find the rate of intrest?​

Answer 1

Answer

Let sum is Rs. 100, then it becomes 7/4 times i.e. Rs. 700/4 in 6 years.

Interest = (700/4)-100 = Rs. 300/4;

Hence, Rate = Total interest/ given time = 300/4*6 = 12(1/2)%.

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Answer 2

Answer:

12(1/2)%

Step-by-step explanation:

Answer

Let sum is Rs. 100, then it becomes 7/4 times i.e. Rs. 700/4 in 6 years.

Interest = (700/4)-100 = Rs. 300/4;

Hence, Rate = Total interest/ given time = 300/4*6 = 12(1/2)%.