Question

find the rate of interest per annum is Rs 1200 gives interest of rupees 240 in 2years

Answer 1

To find : Rate of Interest  ( R )

Explanation:

Given :

Principle ( P ) = Rs. 1200

Simple Interest = Rs. 240

Number of years ( T ) = 2

Formula :

Simple Interest = PRT / 100

Equating the values from the given question we get,

240 = ( 1200 * 2 * R ) / 100

240 * 100 = 2400 * R

24000/2400 = R

10 = R

Therefore, the Rate of Interest is 10%

Answer 2

Answer:

so your answer is 10