Question

calculate the rate of interest...
Simple Interest - 100
Principle - 6000
Time - 4 years​

Answer 1

Answer:

2.5

Step-by-step explanation:

SI=PRT/100

100=6000*R*4/100

10000/6000*4=R

2.5=R

Answer 2

Answer:

Step-by-step explanation:

Let's write the formula first,

$A=P(1+rt)$

Now let's input all the values,

$12000=6000(1+r(4))\\2=1+4r\\2-1=4r\\r=\frac{1}{4}$

The rate of interest is 0.25%. I think the answer is wrong, but I tried.