Question

find the rate when
principal $9600
time 3months
S.I. $72​

Answer 1

Step-by-step explanation:

1. Principal = $9600
2. Time = 3 months[1 month = 1/12 years] = 3/12 years
3. Simple Interest = $72

Rate = S.I. × 100/Principal×Time

Rate % = 72×100×12/9600×3

Rate = 3% per annum