Question

At what rate will Rs 3000 yield the simple interest of Rs 780 for 4 years ​

Answer 1

Answer:

6.5 or 0.065

Step-by-step explanation:

P=3000

SI=780

Time(t)=4

i(Rate)=?

Now,

SI=Pit

780=3000 × i × 4

780=12000i

i = 780/12000

i=0.065 or 6.5