Question

find the rate of interest if :principal=Rs1900,rate of interest=Rs608, time=5 years.

Answer 1

Answer:

let the rate of interest = x%

so,

1900.x.5/100=608

=> 19.x.5=608

=> x=608/19.5

=> x=32/5

=> x=6.4

rate of interest =6.4 %