Question

At what rate of interest will a sum of ₹ 40,500 earn an interest of ₹ 4,050 in 2 years? ​

Answer 1

Answer:

R = S.I ×100/P×T

P = A - S.I

= ₹ 40,500 -₹ 4,050

= 36450 RS

R = S.I ×100/P×T

= 4050 × 100/36450 ×2

rate = 5.6 per annum

Step-by-step explanation:

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