Question

find the rate when principal is 3600 amount is 4703 34 and time is 3 and a half years​

Answer 1

P=3600

A=4703.34

T=3/2

R=?

then,

S.I=P*R*T

100

Before,

A=P+S.I

4703.34=3600+S.I

S.I=1103.34

Now,

S.I=P*R*T

100

R=S.I*100

P*T

R=1103.34*100*2

3600*3

R=20.432