Question

Find the annual rate of interest.
Principal = 7800=7800equals, 7800 rupees
Period = 7=7equals, 7 years
Total amount = 11349=11349equals, 11349 rupees
Annual rate of interest =

Answer 1

Answer:

SI=A-P

=11349-7800

=Rs3549

Rate=SI×100/p×t

=3549×100/7800×7

=6.5%p.a Ans