Question

Example 6: Find the rate of interest if Fatima
paid 36,720 as interest on a sum of 328,000 in
two years.
P = 328,000, R = ?, T = 2 years, SI = 6,720
We know,​

Answer 1

Answer:

R = 5.59%

Step-by-step explanation:

P= Rs.328000 , R=? , T = 2yrs. SI = Rs.36720

S.I. = PRT/100

36720 = 328000*R*2/100

R = 36720*100/328000*2

R = 5.59 %