1.

A sum of rs 1600 gives a simple interest of rs 252 in 2yrs and 3month the rate of interest per annum

Answer»

Answer:

7%

Step-by-step EXPLANATION:

p=1600

SI=252

N=2 YEARS + 3/12= 2+ 1/4=9/4 years

SI =pnr/100

R = 100* SI /(p*n)

R = 100* 252/1600 * (9/4)

R = 7%



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