Question

At what rate will Rs 425 yield an interest of Rs 238 in 8 years​

Answer 1

Answer:

Rate of interest = 7% per annum.

Step-by-step explanation:

#hopeithelps:)

Answer 2

Answer:

8%

Step-by-step explanation:

We know that,

$rate = \frac{simple \: intrest \times 100}{principle \times time}$

So,

$rate = \frac{238 \times 100}{425 \times 8} = 8\%$