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8. A sum of $1200 was lent out for 2 years at S. I. The lender got $1536 in all. Find the rate of interest p.a.​

8. A sum of $1200 was lent out for 2 years at S. I. The lender got $1536 in all. Find the rate of interest p.a.​
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2 votes
8. A sum of $1200 was lent out for 2 years at S. I. The lender got $1536 in all.

Find the rate of interest p.a.​

User Jay Levitt
by
7.9k points

1 Answer

4 votes

Answer: The rate of interest per annum is 64%

User Shubham Jha
by
8.4k points
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