Question

3. Vishi took a loan of 10,000 on simple interest. If he returned 12,700
after 3 years, find the rate of interest.
(1) 6% (2) 8% (3) 9% (4) 12%​

Answer 1

Answer:

c) 9%

Step-by-step explanation:

use formula prt÷100 and thus 9%

Answer 2

Answer:

12,700_10,000=2,700 s.i.

r=si×100/p×t

=2,700×100/10,000×3

=9%