Question

At what rate per annum will 6360 yield an interest of 1378 in 2 and half year?

Answer 1

Answer:

Principle (P)=Rs. 6360.

Simple Interest (S.I.)=Rs.1378.

Time Period (T)= 2 years.

Rate of Interest=(I*100)/(P*T).

                           =(1378*100)/(6360*2).

                           = 10.83%....

Step-by-step explanation:

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