Question

At what rate per annum will Rs.5400/- amount to Rs.6858/- in 3 years​

Answer 1

Answer:

Principle(P)=RS5400

Amount(A)=RS6858

Time(T)=3years

Interest(I)=A₋P

                =RS6858₋RS5400

                =RS1458

Now,

Rate(R)=I×100/P×T

            =1458×100/5400×3

            =145800/16200

            =9%