Question

At what rate percent will thi interest on Rs 2520 add up to 3rd 84 in 8 month

Answer 1

Answer:

The rate of percent is 5% .

Step-by-step explanation:

Given data:

Principal, P = Rs. 2520

Interest, I = Rs. 84

Time, t = 8 months = 8/12 years = 2/3 years

To find: Rate of interest, R%

The formula for calculating Simple Interest is given by  

I = $\frac{P * R * t}{100}$

Putting the given values we get

R = $\frac{84 * 100}{2520 * \frac{2}{3} }$ = 5%