Find the rate percent, if s.i. on ₹275 in 2years is ₹22.
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Principal = ₹275
Time = 2 years
Interest = ₹22
Rate = 100 × Interest / P × T
= 100 × ₹22 / ₹275 × 2
= 4
Ans.= 4% per annum
Time = 2 years
Interest = ₹22
Rate = 100 × Interest / P × T
= 100 × ₹22 / ₹275 × 2
= 4
Ans.= 4% per annum
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