Question

A man borrows Rs. 1200 from a bank for a period of
much. He finds he has to repay Rs. 1236. Find
the
rate of interest​

Answer 1

Answer:

S. I=1236-1200=36

Time=3/12 year

SI = P R T/100

=> 36=(1200 R 3)/12 100

=> R=12%.