Question

Q.21: At what rate percent per annum will the simple interest on

Rs.5650 be Rs.1695 in 2 years 6 months.

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Answer 1

Step-by-step explanation:

Answer:

Step-by-step explanation:

SImple interest (SI) = Rs. 1695 Principle (P) = Rs. 5650 Time (T) = 2 years 6 month = 2 years + 1/2 years = 5/2 years Rate of Interest (R) = ? Now SI = (P*R*T)/100 ⇒ 1695 = (5650*R*5)/2*100 ⇒ R = (1695*2*100)/5650*5 = 12%