Question

a sum of money lent out at simple interest amounts to rs 783 in 2 years and to rs 837 in 3 years then find the rate of interest

Answer 1

Well, I hope U know that
Rate of interest = (Interest of third year-interest of second year/interest of 2nd year)* 100
Therefore,
R% = [(837 - 783)/783]* 100
       = [54 / 783] * 100
       Well this method is correct but answer is coming in point nd mostly r% is whole number derfore pl recheck the question