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A t space w h a t space r a t e space p e r c e n t space p e r space a n n u m space w i l l space R s space 6360 space y i e l d space a n space i n t e r e s t space o f space R s.1378 space
i n space 2 1 half space y e a r s. space

Please provide solution to this question

Asked by Topperlearning User 23rd September 2016, 11:03 AM
Answered by Expert
Answer:

P r i n c i p l e left parenthesis P right parenthesis equals space R s. space 6360
S i m p l e space i n t e r e s t left parenthesis S I right parenthesis equals R S. space 1378
T i m e space left parenthesis T right parenthesis equals space 2 1 half y e a r s space equals 5 over 2 y e a r s
t h e r e f o r e space r a t e space equals space fraction numerator S I cross times 100 over denominator P cross times T end fraction equals space fraction numerator 1378 cross times 100 cross times 2 over denominator 6360 cross times 5 end fraction
space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space equals 1378 over 159 equals 26 over 3 equals 8 2 over 3 percent sign p. a

Answered by Expert 23rd September 2016, 1:03 PM
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