Question

At what rate per cent of simple interest will 36200 amount to 39920 in 4 years?​

Answer 1

Step-by-step explanation:

$a = 39920 \: \: p = 36200 \: \: t = 4years$

$si = a - p$

$39920 - 36200 = 3720$

$r = \frac{si \times 100}{p \times t}$

$\frac{3720 \times 100}{36200 \times 4}$

$\frac{3720}{362 \times 4}$

2.6 approx