Question

Find the rate per annual when the P = 9600 rupees, T = 3 mouths and S.I = 72 rupees​

Answer 1

Given
Simple interest,S.I = ₹ 72
Principal , P = ₹9600
Time ,T = 3 months

Solution

S.I= P*R*T/100
72 = 9600*R*3/100
72 = 96*R*3
R = 96*3/72
R = 96/24
R = 32/8
R= 4

Rate,R= 4