Question

find the rate of interest when simple interest on rs 1200in 2years is rs 216​

Answer 1

Answer:

the simple interest of 12002 years into and 216 is 12 12000 12 years is 600 so 600 into 216 equal to 1 26600

Answer 2

Given :-

• Principal (P) = Rs 1200
• Time (T) = 2 years
• Simple Interest = Rs 216

To Find :-

• Rate of Interest

Solution :-

➞ Simple Interest = P × R × T / 100

➞ 216 = 1200 × Rate × 2 / 100

➞ 216 = 12 × Rate × 2

➞ 216 = 24 × Rate

➞ 216 / 24 = Rate

➞ 9% = Rate

Thus Rate of Interest = 9%

_______________

Verification :-

➞ Simple Interest = P × R × T / 100

➞ Simple Interest = 1200 × 9 × 2 / 100

➞ Simple Interest = 12 × 9 × 2

➞ Simple Interest = 24 × 9

➞ 216 = 216

Hence Verified

_______________

★ Additional Info :

• Principal: The money which we deposit in or the lower from the bank or the money learned called the principal.
• Rate of interest: The interest paid on Rs, 100 for one year is called the rate per cent per year or rate per cent per annum.
• Time: The period of time for which the money is lent or invested.
• Interest: Additional money paid by the borrowed to the lender for using the money is called interest.
• Simple Interest: If the interest is calculated uniformly on the original principal throughout the lone period, it is called simple interest.
• Amount: The total money paid back to the lender is called the amount.

________________