Question

find the rate percent per anum when 700 yeild Rs. 269.50 in 5.5years
​

Answer 1

Step-by-step explanation:

Given that,

P=Rs.700

R=R% p.a

S.I=Rs.105

T=3 years

∵S.I=

100

PTR

⟹105=

100

700×3×R

⟹105=21R

⟹R=

21

105

⟹R=5

∴Rate=5% p.a.

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