Question

find the rate of interest for the following time = 5 years , SI = ₹23,900 , p = ₹ 95,600​

Answer 1

Step-by-step explanation:

Rate of interest = SI x 100/ t X p

= 23900 X 100/ 95600 X 5 = 125℅

Answer 2

T = 5 years

SI = ₹ 23900

P = ₹ 95600

$R \: = \frac{23900 \times 100}{95600 \times 5}$

$\: \: \: \: = 5\%$