Question

at what rate will rupees 7200 fetch a simple interest of rupees 3024 in 4 years

Answer 1

S.I=P*R*T/100
OR 3024= 7200*R*4/100
OR 3024= 72*4*R
OR R= 3024/72*4
OR R= 756/72
OR R= 126/12
OR R=21/2
OR R=10.5%