Question

find the rate of interest :
(i) P =Rs 6000,S.l =Rs 600, Time =4 years

Answer 1

Hello

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Note:-

SI=P×R×T/100

We have:-

SI=600

P=6000

Time=4 year

ACCORDING TO THE Formula;

600=6000×4×R/100

600=60×4×R

600=60×4R

600/60=4R

10=4R

R=10/4

R=2.5



ANS:- 2.5%

Thanks!!

Answer 2

I think it helps you