Question

if a bank pays an interest of rupees 96 for 3 years on a sum of rupees 800,find the rate of interest.please answer fast​

Answer 1

Answer:

rate of interest R= 4%

Step-by-step explanation:

Answer 2

Answer:

4%

Step-by-step explanation:

Given In the Question :

Interest = Rs 96

Time = 3 years

Sum (Principal) = Rs 800

To find Rate of Interest

Applying Formula :

$\sf \: R = \dfrac{S.I \times 100}{P \times T }$

Putting Values :

$\sf \: R = \cancel \dfrac{96 \times 100}{ 800 \times 3}$

$\boxed{\boxed{Rate\:= 4\%}}$

Verification:

Principal = Rs 800

Rate = 4%

Time = 3 years

$\sf \: S. I = \dfrac{P \times R \times T}{100}$

$\sf \: S.I = \dfrac{800 \times 4 \times 3}{100}$

$\sf \: S.I = \cancel\dfrac{9600}{100}$

$\boxed{\boxed{Rs\:96}}$

Which Is given as Interest

Hence,Answer is Correct