Question

At what rate per cent per annum will ₹ 728 produce ₹ 227.50 as simple interest in 5 years.

Answer 1

Simple interest=p.R.t/100

227.50×728×5\100

=. 22750×728×5

=828100000

I think my answer is right

Answer 2

Answer:

Rate=6.25%

Step-by-step:

Sum=₹728

Simple Interest=₹227.50

Time=5 years

Rate=?

Rate=S.I.*100/Sum*T

Rate=227.50*100/728*5

Rate=22750*100/728*5*100

Rate=2275/364

Rate=6.25%