Question

Find the rate when:

Principal = Rs 8250, SI = Rs 1100 and time = 2 years.

Answer 1

$\begin{array}{l}\text{P}=\text{Rs}.\text{825}0,\text{S}.\text{I.}=\text{Rs}.\text{110}0,\text{T}=\text{2 years}\\ \text{R=}\frac{\text{S}\text{.I.×100}}{\text{P×T}}\text{=}\frac{\text{1100×100}}{\text{8250×2}}\\ \text{=}\frac{\text{1100}}{\text{165}}\text{=6}\text{.67}\%\end{array}$