Math, asked by susantasethi43567, 2 months ago

If 20000 became 23400 in 18 months then rate of intrest

Answers

Answered by PravinGyawali

0

Answer:

7.8%

Step-by-step explanation:

I = 23400

P=20000

T=18 months = 18/12 yrs =1.5 yrs

R = ?

we know

R= (I/Pt)×100%

=(23400/20000×1.5)×100%

=(23400/30000)×100%

=(0.78)×100%

=7.8%

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