Rs 750 invested for 3 months yield Rs 22.5.Find the rate of percent?
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3 months = Rs 22.50
Find the yield for 1 month:
3 months = Rs 22.50
1 month = 22.50 ÷ 3
1 month = Rs 7.50
Find the yield for 1 year:
1 month = Rs 7.50
12 months = 7.5 x 12
1 year = Rs 90
Find the rate:
Rate = yield/amount invested x 100
Rate = 90/750 x 100 = 12%
Answer: The rate is 12%
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