if 400 rd of simple interest of 5yrs .if we get 520 .what is the interest rate
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Amount = P + Pnr/100
520 = 400 + 400*5*r/100
520 - 400 = 20r
120 = 20r
so, r = 120 / 20
r = 6%
520 = 400 + 400*5*r/100
520 - 400 = 20r
120 = 20r
so, r = 120 / 20
r = 6%
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