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.

asked Jan 17, 2021 229k views

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.

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4 votes

Answer: The rate of interest per annum is 64%

Shubham Jha answered Jan 21, 2021