Question

at what rate per annum ₹ 6360 yield an interest of ₹ 1378 in 5/2 years ?

Answer 1

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Answer 2

p= 6360

time =5/2 years

s.i=1378

substituting in i =p*r/100*t

1378=6360*r/100*5/2

1378*100*2=6360*5*r

therefore r = 1378*100*2/6360*5 =26/3%=8hole 2/3%