Q. 103.9( 40 Votes )

# If the interest of ₹292 in 1 day be 1 paise, then let us write by calculating, the rate of simple interest in percent per annum.

Answer :

P = Rs. 292, r = ?, t = yr and I = Rs. .01

As we know,

Hence, the rate of simple interest per annum is 1.25.

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