Question

If the Principal is 6400 time is 2 yrs and Amt is 7396 then rate is​

Answer 1

Answer:

P = 6400 AMT = 7396

SO, INTEREST = AMT - P

= 7396 - 6400

= 996

RATE OF INTEREST :-

( I × 100)/(P × TIME)

= ( 996× 100)/( 6400 ×2)%

= (99600/ 12800)%

= 7.78125%

HOPE THIS ANSWER HELPS YOU.