Question

If I received an interest of Rs.21, 600 on depositing

Rs.30, 000 for a period of 6 years what is the rate of

interest? ​

Answer 1

Answer:

Amount 30,000

principle 21,600

SI=Amount-principal

so 30,000-216,00 =8,400

SI =Principal x Rate x Time

100

so 8,400 x R x 6mounth. = 1

100. 2

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