Question

If the interest of 292 in 1 day be 1 paisa, then let us write by calculating, the rate of simple interest in percent per annum​

Answer 1

Answer:

1.25% per annum

Step-by-step explanation:

if the interest of ₹ 292 in 1 day be 1 paise, then let us write by calculating the rate of simple interest in percent per annum​.

Let say interest rate per annum = n

Simple interest = P * r * t / 100

P = Rs 292

r = ?

t = 1/365 Year

Simple interest = 1 paisa = 1/100 Rs

(292 * r *  1/365)/100 = 1/100

=> 292 * r *  1/365  = 1

=> r = 365/292

=> r = (73 * 5)/(73*4)

=> r = 5/4

=> r = 1.25 % per annum

Answer 2

We know that

SI = P x R x T

100

=so given

=P= 292

=time = 1

365yr

= SI=1 paise =1/100rs

= (292×R×1/365) = 1

100 100

= 292x Rx1/365=1

= r=365/292

= r=73x5

73×4

=5

4

so the rate = 5/4 or 1.25%pre annum.