Question

at what rate %p.a ₹1620 amount to ₹1962 in 3 years 6month​

Answer 1

Answer:

Principal=1620

Amount=1962

Time=3yrs and 6months

=2months

2/12yrs

=1/6yrs

so! total time =3 1/6yrs

=19/6

so, Simple interest=Amount-principal

=1962-1620

=342

Rate of interest=S.I ×100/P×T

=342×100×6/1620×19

=20/3 %