Question

b) Amount
Rs 5760, Interest
Rs 1526​

Answer 1

Given :

Amount, A = 5760 Rs.

Interest in the amount, I = 1526 Rs.

To Find :

We need to find the % rate of interest.

Solution :

Let, us assume it is simple interest.

So,

$Interest = \dfrac{price \times rate \times time}{100}\\\\1526 = \dfrac{5760 \times r \times m}{100}\\\\r = \dfrac{152600}{5760m}\\\\r = \dfrac{26.5}{m}$

Hence, this is the required solution.