If the interest on rs.1200 be more than the interest on rs.1000 by rs. 50in 3 years find rate
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Answer:
Rate of interest= 8.33%
Step-by-step explanation:
To find Rate%, we need
- Interest I(given,difference b/w to interest)=50
- Principle P(difference b/w to principle)=1200-1000 = 200
- years(T) = 3
S.I. = (P×T× R) / 100
50= (200×3× R) / 100
R = 8.33%
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