Math, asked by rajudhre1974, 3 months ago

find the rate when principal is 700 rs simple interest is 168 rs for 16 month

Answers

Answered by daksha8648

2

solve= principal= 700

simple interest = 168

time = 16 months

Amount = simple interest + principal

= 168 + 700

Amount = 868

Rate = 100×simple interest/ p×t

= 100×168/700×16

Rate = 24/16

Rate = 1.5%

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