Question

At what rate percent per annum will the s.i on Rs.19200 be Rs. 1716 in 11 months

Answer 1

Given : At what rate per cent annum will the simple interest Rs19200 be Rs 1716 in 11 months

To Find : The rate of per cent annum will be the rate of interest

Solution : We know that,

I=PTR/100,R=100×I/PT

Here, I indicates Interest,P indicates Principle,T indicates Time,R indicates Rate of interest

→ I=P×T×R/100

→ 19200=1716×11×R/100

→ R=19200×100/1716×11

→ R= 1.017%