The Rashtrakutas and their Times c22.103

c22.103

Another Kanheri inscription of the same period ⁷² supplies some data to determine the rate of interest of the locality. We find that the premier of the local S'ilāhāra dynasty had to invest 160 Drammas in order to provide annually 20 Drammas for the Buddha worship, 3 Drammas for the building's repairs, 5 Drammas for the robes of the monks and 1 Dramma for the purchase of the books; 160 Drammas could thus fetch, by way of interest, 29 Drammas annually. The rate of interest, which prevailed at Kanheri towards the end of the 9th century is thus found to be about 17 percent per annum.