Question

11. A sum of Rs. 12,800 amounts to Rs.
16000 in 3 years at the rate of simple
interest. What is the rate of interest?​

Answer 1

Answer:

8.3%

Step-by-step explanation:

P = 12,800

A= 16,000

T= 3 years

I = A-P = 16,000- 12,800

R = 100 * S.I

_______

P * T

R = 8.3%