Find the rate percent per annum when a principal of Rs. 7000 of a s.i of Rs. 1680 in 16 months

1 thought on “Find the rate percent per annum when a principal of Rs. 7000 of a s.i of Rs. 1680 in 16 months”

1. 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

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