Math, asked by roysompa2226, 9 hours ago

A sum of Rs 16000 earns a simple interest of Rs 2560 in 2 years. Find the rate of interest per annum.

Answers

Answered by iyervinayak01

3

I=PRT/100
So R=100I/PT=(100*2560)/(16000*2)=8% per annum

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