Question

सफरचंद इन रोस्टर फॉर्म सेट ऑफ इवन नंबर्स लेस थन 10​

Answer 1

Given :- Principal (P) = $1200

Simple Interest (I) = $73.60

Time (T) = 8 months

To Find :- Simple Interest Rate (R)

Solution :-

Given that time = 8 months = $\frac{8}{12} = \frac{2}{3}$ years

We know that,

Simple Interest (I) = P × R × T

So,$R \: = \frac{I}{P \: \times \: T} \times 100$

=$( \frac{73.60}{1200 \: \times \: \frac{2}{3} } ) \times 100 = (\frac{73.60}{400 \: \times \: 2}) \times 100$

$= \frac{73.60}{800} \times 100 = 9.2\%$

Hence, the simple interest rate is 9.2%.

Hence, the final answer is 9.2%.

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