If in 4 years, the interest on ₹5500 is more than the interest on ₹5000 by ₹120, find the rate of interest?
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principal =5500
time =4years
rate of interest=?
s.i=5000+120=5120
rate%=s.i/p*r
=5120/5500*4
then solve it
I hope that it would help you
time =4years
rate of interest=?
s.i=5000+120=5120
rate%=s.i/p*r
=5120/5500*4
then solve it
I hope that it would help you
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