Question

find the rate of interest when principal is 60000, time is 30 months and interst is ₹ 8400.​

Answer 1

Step-by-step explanation:

P=60000

T=30mon=2yr6mon=2.5yrs

Si=8400

Rate = SIx100

________

PxT

=

$\frac{8400 \times 100}{60000 \times 2.5}$

=

$\frac{840}{6 \times 25 }$

=

$\frac{840}{150}$

= 5.6

Therefore, the rate is 5.6%p.a

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