When a 7.2V NImh Battery is fully charged, what should (would) the voltage read? 8.4V?
Good question. But since all my Ni-Mhs are 4.8 volts (receiver) and 9.6 (motor) I don't think I'm qualified to answer.
However, if it's any help, Ive been using ni-cads for years, and - like you - I'm unsure of just what the voltage should be. There are too many conflicting reports. Some say to do such-and-such, while others will have you believe something totally different.
The ni-cads you see here are solely for use in a glider - not in a boat. Since the motor (Speed 600) is only running during the time to reach altitude, the batteries come back still with a near-full charge after approx. ten-minute flight time.
They're quite old now, but they still hold a good charge. I follow a couple simple rules...
1) Discharge the cells when not in use.
2) Do not discharge below 1.1 volts per-cell.
Since the charging rate/time varies from pack to pack, I'm still in the dark as to what the exact charging parameters should be. Instead, I let the peak detector work its magic (Pic #1).
Not much help, I'm afraid. But to answer one of your questions I charged a couple depleted packs, then let them rest for some 20 minutes while the voltages stabilised before taking a V. reading. One pack shows 8.375 volts; the other reads a tad under 8.22 volts. Like yours, they are rated at 7.2 volts. Current capacity is 1.8 amps.
A moot point since your question concerns Ni-MH cells.
Sorry I can't be more specific. Perhaps someone with more knowledge on the subject could throw some light this way?