At what rate of interest per annum will the simple interest Rs.1200 in 3 years be Rs. 288
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Answer:
- rate =S.I × 100
- _______
- P × T
- p = 1200 - 1000 =. 200
- S.I = 30 yrs
- T = 3 yrs
- Rate = 30 ×100
- _______
- 200 × 3
- 3000
- ____
- 600
= =5%
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- 8% = Rate of Interest
Explanation is in the Attachment ✔️✔️✔️
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