Question

(e) none
58. The interest of Rs 500 for 4 years is As
120. The rate of interest per annum will be
0 (a)
(a) 6% (b)
(b) 12%
12% (c) 10%
(d) 4%
AA​

Answer 1

Answer:

The answer is d) 4%

Step-by-step explanation:

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Answer 2

Answer:

6%

Step-by-step explanation: Simple interest = P * R * t / 100

P = Rs 500 , t= 4 years  , Interest = 120 , R= ?

therefore, 120= 500* R * 4 / 100

12000= 500* R* 4

12000= R* 2000

R = 12000/ 2000

= 6%  

Answer = 6%