Question

If a depositor
gets Rs: 20 as interest for Rs 1000
in a month, what is the rate
of interest ?​

Answer 1

Answer:

24%

Step-by-step explanation:

Si=20, p=1000, T=1/12

SI= P×R×T/100

20=1000×r×1/12 /100

24000=1000r

r=24