Question

Amit deposited a sum of rs 8,00in bank. after one year ,he received an amount of rr7,929.60 find the rate of simple interest ​

Answer 1

Answer:

Here the simple interest is

$7292 - 800 = 6492$

So here,

In 7292 rs interest is 6492 rs

In 1 rs interest is 6492/7292 rs

In 100 rs interest is 6492x100/7292 rs

or, 89.0208 rs or %