Math, asked by Anonymous, 4 days ago

Find the rate at which Rs. 12000 will earn an interest of Rs. 1440 in 3 years

Answers

Answered by AllenGPhilip

4

Answer:

4%

Step-by-step explanation:

Given:

Principle = p = 12,000

Simple intrest = SI = 1,440

Time = 3 yrs

SI = p × i × t

1,440 = 12,000 × i/100 × 3

1,44,000 = 36,000 i

i = 1,44,000 ÷ 36,000 = 4%

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