1. Simple interest on a sum of Rs 67400 for 14 months is Rs 4718. What is the rate (in percentage) of interest per annum?
Write Comment
Comments
- By: anil on 05 May 2019 02.04 amPrincipal sum = Rs. 67,400 and simple interest = Rs. 4718 Let rate of interest = $$r\%$$ and time period = $$frac{14}{12}=frac{7}{6}$$ years => Simple interest = $$frac{P imes R imes T}{100}$$ => $$frac{67,400 imes r imes7}{6 imes100}=4718$$ => $$frac{4718r}{6}=4718$$ => $$r=6\%$$ => Ans - (B)
Show Similar Question And Answers
