1.

The simple interest accrued in 9 yr on a principle of Rs 24250 is 162% of the principal. What is the rate of interest per cent per annum ?1). 222). 163). 184). Cannot be determined

Answer»

Solution

Let the RATE of interest be r.

Hence, SI = PrT/ 100 = 162P/100

r*9 /100 = 162/ 100

r=18%



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