Question

At what rate per annum will the simple interest on ₹6720 be ₹1911 in 3 years 3months​

Answer 1

Answer:

Answer is 8.75%

Step-by-step explanation:

Principal = Rs. 6720

SI = Rs. 1911

Time = 3 year 3 month = 3.25 years

So, Rate = (100×SI)/(PT)

= (100 × 1911)/(6720 × 3.25)

= 191100/21840

= 8.75%

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