Question

If jagdeep pays an interest of 720rupees for 3 years on a sum of 6000rupees find the rate

Answer 1

Answer:

4 percent

Step-by-step explanation:

Interest paid  =  720

time period      =   3 years

principle         =  6000

rate of interest   =  

              I = PTR/100

          720  =  6000*3*R/100

          72000  =  18000*R

            R  =   72000/18000

         R  =  4 percent

Answer 2

Answer: The rate = 4 percent

Step-by-step explanation:

Interest = prt/100

720=6000*rate* 3 years/100

720*100=6000*rate* 3 years

72000=6000*rate*3 years

72000/6000=rate* 3 years

12=rate*3 years

rate=12/3=4 percent

Hope this helps you!!!!