Question

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.
with explanation​

Answer 1

Answer:

1.25 is the ans

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Answer 2

Answer:

here,

time(n)=1 day=0.00274 yr

interest(I)=1 paisa=rs. 0.01

principal(p)=rs.292

we know,

$i = prn \\ > r = \frac{i}{pn} = \frac{0.01}{292 \times 0.00274} = \frac{0.01}{0.80} = 0.0125 =0 .0125 \times 100\% = 1.25\%$