chandnishant99 chandnishant99

07-09-2020
Mathematics

contestada

the interest of rs12000 for 3yrs is rs2160.find the rate of interest

Respuesta :

kafleshristi2005 kafleshristi2005

07-09-2020

Answer:

6%

Step-by-step explanation:

Given,

Interest (I) = 2160

Principal (P) = 12000

Time (T) = 3 yrs

Rate (R) = ?

We know that,

R = ( I *100)/ (P*T)

= (2160*100)/(12000*3)

= 6%

therefore, the rate of interest is 6%

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