A fixed deposit has a maturity value of 150000 intially purchased of 100000 for 3 years.calculate simple interest rate per year?
Answers
Answered by
0
Answer:
SI =P*T*R/100 from the question we know SI=50000
50000=(100000*3*R)/100
50000=3000*R
R=50/3 or 13-11/3
interest per year 13-11/3
Similar questions