Question

Ajit borrowed at Rs 22500 from bank and returned an amount of
Rs 22972.50 with an interest after 219 days find the S.I paid and
the rate of interest.
​

Answer 1

Answer:

3.5%

Step-by-step explanation:

Here,

principle, P=₹22,500

Amount,A=₹22972.50

time,T=219/365

rate of interest,R=?

S.I.=A-P

S.I.= 22,972.50-22,500

S.I.=₹472.50

Now, we have to find rate of interest

so,

S.I.=(P×R×T)/100

472.50=(22,500×R×219)/(100×365)

R=(472.50×100×365)/(22500×219)

R=17246250/4927500

R=3.5%

HOPE IT WILL HELP YOU

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