If the interest on rupees 2400 be more than interest on rupees 2000 by rupees 16 at the same rate of interest rate% percent
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p1=2000
p2=2400
t=1 year
r=?
SI=P×R/100×T
a/q
p1×r/100×t+16=p2×r/100×t
2000×r/100×1+16=2400×r/100×1
20r+16=24r
16=24r-20r
16=4r
16/4=4
4=r
Rate %= 4
p2=2400
t=1 year
r=?
SI=P×R/100×T
a/q
p1×r/100×t+16=p2×r/100×t
2000×r/100×1+16=2400×r/100×1
20r+16=24r
16=24r-20r
16=4r
16/4=4
4=r
Rate %= 4
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