Question

answer the question 2 with full solve

Answer 1

a)
Principal = ₹800
Time = 1year
Simple Interest = ₹250

$simple \: interest \: = \frac{principal \times rate \times time}{100}$
$250 = \frac{800 \times rate \times 1}{100}$
$rate = \frac{250 \times 100}{800}$
Rate = 31.25%

b)
Principal = ₹4000
Time = 52 Days
Simple Interest = ₹800
$simple \: interest \: = \frac{principal \times rate \times time}{100}$
$800 = \frac{4000 \times rate \times 52}{100}$
$rate = \frac{800 \times 100}{4000}$
Rate = 0.384615%