A sum of ₹ 1600 earns a simple Intrest of ₹ 2560 in 2 years find the rate of interest
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Answer:
R = 80%
Step-by-step explanation:
P = 1600
SI = 2560
T = 2 y
R = ??
SI = P * R * T
100
2560 = 1600 * R * 2
100
2560 * 100 = 3200 * R
R = 256000 / 3200
R = 80%
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