Math, asked by rajeshkumarmohanty, 1 year ago

Rs 750 invested for 3 months yield Rs 22.5.Find the rate of percent?

Answers

Answered by TooFree
38

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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