at what rate will rs7200 give rs3024 as simple interest in 4 years
Answers
Answered by
2
Let the rate of the interest =x% per month
So, the interest of Rs7200 in 4 years
=48×7200×(x/100) ... (4 years=48 month)
=(48×72)x
Now, according to the question,
(48×72)x=3024
or, x= (3456/3024)
or, x=1.14%
So the rate of interest =1.14% per month
It may help u. ☺️ ☺️
So, the interest of Rs7200 in 4 years
=48×7200×(x/100) ... (4 years=48 month)
=(48×72)x
Now, according to the question,
(48×72)x=3024
or, x= (3456/3024)
or, x=1.14%
So the rate of interest =1.14% per month
It may help u. ☺️ ☺️
Similar questions