Question

*At what rate will you get the simple interest of Rs 4000 of Rs 20,000 for 4 years?*

1️⃣ 8 p.c.p.a.
2️⃣ 5 p.c.p.a.
3️⃣ 7.5 p.c.p.a.
4️⃣ 10 p.c.p.a.​

Answer 1

Answer:

Rs.480

Step-by-step explanation:

Interest = P×R×T /100

           = Rs.4000×3×4/ 100

            = Rs.480