1.

Find the rate on the principal of 240000/= invested for period of 3.5 years if the interest is 15000.

Answer»

P = Rs. 240000

T = 3.5 years

S.I = Rs. 15000

R = ?

\(R = \frac{S.I \times 100}{P \times T}\)

\(\frac{15000 \times 100}{240000 \times 3.5}\)

\(\frac{150}{84}\)

= 1.8 % aprox.



Discussion

No Comment Found

Related InterviewSolutions