Question

at what rate percent per annum will RS1650 amount to rs2343 in 3½ years​

Answer 1

formula of simple interest= p×r×t

100

principal=1650

rate=3½

percent=?

So

1650×7×X=2343

100×2

So

1650×7×X=2343×200

11550×X=468600

X=468600

11550

X=40.57%