Question

bijay inversted 12000 for 12 years and receive 19800 find the rate of interst solve the answer step by step​

Answer 1

Answer:

Rate=5.41%

Step-by-step explanation:

Given, Principal=12000

Amount=19800

Time=12 years

Rate=?

Amount= Principal+ Interest

19800=12000+ Interest

19800-12000=Interest

7800₹= Interest

Interest=7800₹

Rate= Interest ×100/Principal×Time

=7800×100/12000×12

=780/144

=5.41%