if rupees 6250 amount to 7030.40 in 3years what is rate of interest charged per annum
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principal=6250
amount=7030.40
simple interest=7030.40-6250=780.40
time=3 years
rate of interest p.a.=100*780.40/6250*3=4.16213%=4.2% p.a.
amount=7030.40
simple interest=7030.40-6250=780.40
time=3 years
rate of interest p.a.=100*780.40/6250*3=4.16213%=4.2% p.a.
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