Question

a man paid ₹ 8640 for a lon ₹ 8000 taken for 320 days . find the rate of simple interest charge d by the bank

Answer 1

Answer:

0.3

Step-by-step explanation:

1. S.I = P × R × T / 100

• 100 × S.I = P × R × T
• P × R × T = 100 × S.I
• R = 100 × S.I / P× T

Given,

P = 8000

T = 360

S.I = 8640

8640 = 8000 × r × 360 /100

8640 × 100 = 8640 × R × 360

R = 100 × 8640 / 8000 × 360

= 0.3

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