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Simple Interest on Rs 972 at a certain rate % per annum for 3.5 years is Rs 476.28 . Find the rate ? [ Calculator, Method and examples ]

Solution:
Your problem `->` Simple Interest on Rs 972 at a certain rate % per annum for 3.5 years is Rs 476.28 . Find the rate ?


Here `P = 972, SI = ` Rs. `476.28, N = 3.5`

`SI = (P*R*N)/100`

`R = (SI*100) / (P*N) = ( 476.28 * 100 ) / ( 972 * 3.5 ) = 14`

The rate is `14` %.






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