Question

find the interest on ₹3600 at 2 2/5% per anum for a period of 3 years and 6 months.​

Answer 1

Answer:

We have,

P=Rs.3600

A=Rs.4734

T=321=27 years

R=?

We know that

A=P+S.I

S.I=100PRT

Therefore,

A−P=100PRT

4734−3600=1003600×R×27

1134=36×R×27

1134=18×R×7

R=9%

Step-by-step explanation:

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