Math, asked by devanshugaming930, 1 day ago

Find the rate of interest when Principal - ₹5000, Time - 4 years and simple interest - ₹60.

Answers

Answered by FlameShark2009

0

Answer:

Step-by-step explanation:

The formula for rate is:

100 × SI / P × T

And SI = 60

P = 5000

T = 4

6000 / 5000 × 4

6 / 5 × 4

6 / 20

0.3% p.a

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