If a deposit of 500 rupees in 3 year , how much interest would a deposit of 36000 rupees yield in the same period of time
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Given that:
Simple interest=500
Principle=36000
Time=3years
Therefore, rate of interest=
Simple interest * 100/ Principle*Time
500*100/3600*3
=0.47%
Ans=The rate of interest=0.47%
Simple interest=500
Principle=36000
Time=3years
Therefore, rate of interest=
Simple interest * 100/ Principle*Time
500*100/3600*3
=0.47%
Ans=The rate of interest=0.47%
Mannt:
wrong answer
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