Question

Rs 425 yields Rs 238 in 8 years. Find rate

Answer 1

Answer:7%per annum

Step-by-step explanation: Principal*Rate*Time/100=Simple Interest

                                          =Rs 425*Rate*8 years/100= Rs 238

                                   = Rate = Simple Interest *100/Principal*Time

                                   =Rate=Rs 238*100/Rs 425* 8 years

                                   =Rate=7%per annum or 7%p.a.