hey guys I couldn't figure out this question can you please help me
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Interest given = 8640-8000= 640 .
Time is given to be 320 days ,but the rate is generally expressed as per annum so change 320 days into year as per following:
Time = 320÷ 365 = 0.88 years .
Therefore,. rate=. 640*100 /(0.88*8000)
=. 9.09 per annum.
Time is given to be 320 days ,but the rate is generally expressed as per annum so change 320 days into year as per following:
Time = 320÷ 365 = 0.88 years .
Therefore,. rate=. 640*100 /(0.88*8000)
=. 9.09 per annum.
raj62598:
thanks but the answer is 9.125
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I hope this is helpful for you
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thanks man but the answer is 9.125
okk
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