The rate % annum , when a principal of 7000 earns a simple interest 1680in 16 months in
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Answered by
0
Answer:
SI = PTR/100
1680 = 7000×16×R/100×12
1680 = 280R/3
R = 1680×2/280
R = 12%
Answered by
3
Step-by-step explanation:
S.I = ₹ 1680 , P = ₹ 7000,
n= 16 months i.e 16/12 years = 4/3 years
R = ?
S.I = PnR / 100
substitute the values in above formula,
1680 = 7000 × (4/3) × (R/100)
R = 1680 × 3 × 100 / (7000 × 4)
by solving, u can get the answer as R = 18 %
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