Question

at what rate per annune will 6360/- yiled an interest of 1378/- in 2 1by 3 years​

Answer 1

P = ₹6360

R = ?

T = 3 yrs

I = ₹1378

I = PRT/100

R = I×100/PT

= 1378×100/6360×3

= 7.22%

Therefore at the rate of 7.22% the principle amount will yield an interest of ₹1378 in 3 yrs

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