Question

Find rate of interest if si for 5 years is 4000 and ci for 2 years is 1632

Answer 1

Answer:

5 year si is 4000

1 year si will be 4000/5 =800

and 2 year si will be = 800*2 = 1600

now 2 year ci is = 1632

so rate will be (32/800)*100 = 4%