Question

Principal 3560, amount = 4521.20 and time = 3 year​

Answer 1

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$\large \underline \pink{ᴀɴsᴡᴇʀ}$

ɢɪᴠᴇɴ : - Pʀɪɴᴄɪᴘᴀʟ = ₹ 3560, ᴀᴍᴏᴜɴᴛ = ₹ 4521.20, ᴛɪᴍᴇ = 3 years.

ᴡᴇ ᴋɴᴏᴡ ᴛʜᴀᴛ ,

Sɪᴍᴘᴀʟ ɪɴᴛᴇʀᴇꜱᴛ = A – P

= 4521.20 – 3560

= ₹ 961.2

ʀᴀᴛᴇ = (100 × SI) / (P × T)

= (100 × 961.20)/ (3560 × 3)

= (100 × 96120) / (8250 × 3 ×100)

= (32040 /3560)

= 9% p.a.

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