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Popular Word Problems >

What is the interest on Rs. 1600 for one year at the rate 3-1/2

Solution

Wha t i s t h e in t eres t o n R s . 1600 f or o n e ye a r a t t h e r a t e 3 - 1/2

Solution

Rate : \frac{I}{1600}

Solution steps

Translate the problem into an equation:

I = 1600 r \cdot 1

Solve for

r, I = 1600 r \cdot 1 : r = \frac{I}{1600}

Rate : \frac{I}{1600}

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