Question

find the rate if principal is equals to rupees 8250 is equals to 1100 and time is equal to 5​

Answer 1

Answer:

2.67%

Step-by-step explanation:

By using simple interest formula: -

1100 = 8250×5×r÷100

Taking the denominator 100 to lhs from the such as

110000 = 8250×5×r

Now taking 8250 and 5 to rhs,

110000÷(8250×5) = r

r = 2.67 (approximately)