Answer :
I = 1832
P = 16000
T = 206 / 365 years
Rate of interest = [100 x I] / [P x T]
= [100 x 1832] / [16000 x 206 / 365]
= 20.29% per annul
P = 16000
T = 206 / 365 years
Rate of interest = [100 x I] / [P x T]
= [100 x 1832] / [16000 x 206 / 365]
= 20.29% per annul