Question

At what rate of interest per annum will 1550 give interest of rs 310 over period of 15 month?

Answer 1

S.I = PTR/100 =310

substituting P = 1550 and T = 5/4 yr and Solving for R we get : R = 16%

Answer 2

Answer:

16 %

Step-by-step explanation:

its correct answer

hope its helpful to you

I matched this answer from book

hope its helpful