A sum of rs. 2668 amounts to rs.4669 in 5yrs find the rate of interest?
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Answer:
Answer:
15%
Step-by-step explanation:
By formula :
SI = P * N * R /100;
here SI = 4669 - 2668 = 2001 as the question says It amounts to 4669.
P = 2668
N =5
R = unknown
By evaluating,
2001 = 2668 * 5 * unknown /20;
unknown = (2001 *20 ) /2668
unknown =15
i hope this will help
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