3. Find the rate of interest in each of the following cases.S. No.Inte – InterviewSolution

1.

3. Find the rate of interest in each of the following cases.S. No.Interest (I)Principal (P)Time (t)81045003 years

Answer»

Step-by-step EXPLANATION:

s.i=p×r×t/100

810=4500×r×3/100 (100 is in DIVISION)

810=45×r×3

810/3=45×r

270 =45×r

270/45=r

5.74=r

r=5.74%

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