at what rate percent per annum a sum rs 1200 will become rs 1560 in 5 years at simple interest
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Answered by
10
The rate is 26% Simple Intrest (SI) : 1560 Time (T) :5yrs Principle amount (P) : 1200
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Answered by
12
Answer:
6%
Step-by-step explanation:
simple interest=1560-1200=360
Time=5years
principal= 1200
simple interest=PRT/100
360=1200*R*5/100
360=60R
R=360/60=6
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