Question

if interest of 600 rupees for 5 year on the sum of 3000 rupees find the rate of interest​

Answer 1

P x r x t/100 =600

3000x5x r=60000

15000r=60000

R=4%

Answer 2

si=600

time=5years

principal=3000

rate=?

rate=si×100/p×t

600*100/3000*5=4%