Question

At what rate of simple interest will a sum of
money amounts to 7/4 of itself in 8 years and
4 months?​

Answer 1

Step-by-step explanation:

700/4 in 6 years. Interest = (700/4)-100 = Rs. 300/4; Hence, Rate = Total interest/ given time = 300/4*6 = 12(1/2)%.2