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Find the rate when principal = ₹ 8250, SI = ₹ 1100 and time = 2 years. |
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Answer» Given: – P = ₹ 8250, SI = ₹ 1100, t = 2 years. We know that, R = (100 × SI) / (P × T) = (100 × 1100)/ (8250 × 2) = (50 × 1100) / (8250 × 1) = (55000/ 8250) = 6.67 = 6(2/3) % |
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