Question

Find the rate of interest percent per annum if:
1. ₹350yeild ₹105 interest in 6 years​

Answer 1

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We know that SI = PRT/100

R = SI x 100/PT

1) P = 350

SI = 105

T = 6

R = 105 x 100/350 x 6 = 5

Hence Rate pa = 5%

2) P = 425

SI = 238

T = 8

R = 238 x 100/425 x 8 = 7

Hence Rate pa = 7%

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