The simple interest accrued on an amount of Rs. 10,530 at the end of 5 years is Rs. 6,318. What is the rate of interest p.c.p.a.?
Question
The simple interest accrued on an amount of Rs. 10,530 at the end of 5 years is Rs. 6,318. What is the rate of interest p.c.p.a.?
According to the formula, Rate = (SI x 100)/(Principal x Time)
=> Rate = (6318 x 100)/(10530 x 5) = 12% per annum.
If the product of two successive positive integers is 6162, which is the smaller integer?
The simple interest accrued on an amount of Rs. 10,530 at the end of 5 years is Rs. 6,318. What is the rate of interest p.c.p.a.?
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