Question

at what rate percent per annum will the simple interest on ₹6720 be ₹1911 in 3 years 3 months (Answer should be 8 whole 3 by 4 percent)​

Answer 1

Answer:

The rate of interest is 8.75%.

6720.

Answer 2

Answer:

According to question, we have:

6720×

4

13

×

100

r

=1911

⇒r=

6720×13

1911×4×100

⇒r=

4

34

=8

4

3

%