Question

P = 600 T = 2 year 4 month SI = 60 Find R = ?​

Answer 1

GIVEN:-

Time➡2years 4months

4month=(4/12)year

Time➡2+(4/12)=2+(1/3)=(6+1)/3=7/3

Principal➡600Rs.

Simple Interest➡60Rs.

Find:-

Rate➡Let it to be x.

Formula:-

Rate➡100×I/P×T

Interest➡P×R×T

Solution:-

60=600×R×(7/3)

R=(60×3)÷(7×600)=(6/600)×(3/7)=3/70

(3/70)×100

=>300/70

=>4.28%

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