Question

If the simple interest on₹ 205in 4years is ₹28.70,find the rate of interest per cent p.a

Answer 1

Answer:

3.5%

Step-by-step explanation:

si = pnr

28.7 = 205×4×r

r=28.7/820=0.035

r%=0.035×100=3.5% p.a