Question

Find the rate of interest for the following? Principal = rs 1000, interest=rs 210, time = 3 1/2 years​

Answer 1

Step-by-step explanation:

S.P. x 100

R= ---------------

P x T

210 x 100

= ---------------

7

1000 x -----

2

210 x 100

= -----------------

500 x 7

210 x 1

= --------------

5 x 7

30 x 1

= --------------

5 x 1

= 6

rate = 6%