The Rashtrakutas and their Times c22.145

c22.145

(2) Another record belonging to the end of the 10th century A.D. (100) states that the interest on 12 Kaḷanjus could purchase 90 nāris of ghee required to burn one perpetual lamp throughout the year. If we assume that the rate of interest was the normal one, *i. e.* 12½%, the price of ghee, as given by this record, is found to be 4½ seers a rupee. This price is cheaper than the one ascertained in the previous paragraph, but it may be pointed out that the inscriptions are separated by about 75 years and that the rate of interest assumed is hypothetical. The relative prices of rice and ghee, as deducible from this record, would be 7½ : 1.