Question

deepak borrows ₹6000 for 4 years and pays ₹1200 as interest
find the rate of interest charged per annum
pls ans asap​

Answer 1

Answer:

5% / annum will be correct answer

Step-by-step explanation:

Given,

• Principal = 6000/-
• Time = 4 year
• Simple Interest = 1200/-

We know that,

Rate = SI × 100 / P × T

Hence,

Rate of interest = [ 1200 × 100 / 6000 × 4 ] %

= [ 120000 / 24000 ] %

= 5 %

Therefore,

Reqd rate of interest = 5% / annum

Hope it helps you

Answer 2

Answer:

5% / annum will be correct answer

Step-by-step explanation:

Given,

Principal = 6000/-

Time = 4 year

Simple Interest = 1200/-

We know that,

Rate = SI × 100 / P × T

Hence,

Rate of interest = [ 1200 × 100 / 6000 × 4 ] %

= [ 120000 / 24000 ] %

= 5 %

Therefore,

Reqd rate of interest = 5% / annum

Step-by-step explanation: