the C.I on Rs 16000 for 3 years is Rs 6781.25. find the rate per cent per annum.
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6781.25=16000×r/100×3
6781.25=160×3×r
6781.25=480×r
6781.25÷480=r
14.1276042=r
Therefore rate =14.1276042%
6781.25=160×3×r
6781.25=480×r
6781.25÷480=r
14.1276042=r
Therefore rate =14.1276042%
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