Find the rate percent per annum when a principal of Rs. 7000 of a s.i of Rs. 1680 in 16 months About the author Caroline
Given :P=7000,S.I=1680,n=16/24=2/4 To find : rate =? Solution:SI=P×N×R 100 1680=7000×2×R 100×4 1680=140×R 4 1680=35×R R=1680 35 R=48%p.c.p.a Reply
Given :P=7000,S.I=1680,n=16/24=2/4
To find : rate =?
Solution:SI=P×N×R
100
1680=7000×2×R
100×4
1680=140×R
4
1680=35×R
R=1680
35
R=48%p.c.p.a