Question

at what percent per annum will be the simple interest on ₹6720 be ₹2016 in 3years​

Answer 1

Answer:

10 %

Step-by-step explanation:

Simple interest = PNR/100

where P is principal amount, R is rate of interest and N is number of years.

Substituting the values to obtain the rate of interest,

2016= 6720×3×R/100

R=2016×100/6720×3

R= 201600/20160

R=10 %

Therefore the rate of interest is 10%

Hope it helped!!!

Answer 2

10%

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