Question

Amit deposited * 25,000 in a co-operative bank with simple interest. He
Again thereafter, he withdrew the remaining amount and the interest accrued
till that time, after 2 years. In all he received 7,600 as total simple interest
* 3
Find the rate of interest p.a.​

Answer 1

Step-by-step explanation:

Principal = 25000 rs

Time = 2 years

SI = 7600

SI =P*R*T/100

7600 =25000*R*2/100

7600 =500*R

7600/500=R

Rate = 15.2%