Question

the simple interest of 6240 for 2 year becomes 546 then the rate is​

Answer 1

Answer:let x be the rate

then, 6240*2*x/100

12480x/100

1248x/10=546

x=546*10/1248

x=4.37%

Step-by-step explanation:

Answer 2

Answer:

The rate is 4.375% Per Annum.

Step-by-step explanation:

Given data:

S.I.= Rs. 546

Principal, P= Rs. 6240

Time, t= 2 years

Let the rate be r p.a.

S.I. =(P×r×t)/100

r= (546×100)/(6240×2)

r= 4.375 p.a.

Certainly, it helps!