Math, asked by balbinderkour31, 2 months ago

If ₹ 12000 becomes ₹12600 after 5 years at a certain rate of interest, find the rate of interest.

1%

2%

3%

4%

Answers

Answered by babankhedkar9

1

Answer:

1%

Step-by-step explanation:

SI =600

P=12000

T=5

SI=PRT/100

600 = 12000 ×5×R/100

600 = 600R

R=600/600 R=1

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