Question

if the simple interest on rs 1400 be more than the interest on rs1000 by rs
60 in 5 years, find the rate percent per annum.
(A) 2%
(B) 5/4%
(C) 3%
(D) 1of2/3%​

Answer 1

Answer:

3%

Step-by-step explanation:

interest =  1400-1000

            = 400

interest in  5 years = 60

400    →   5 years     →   60

60 =   400 X 5  X R    /    100

     

              =   60/20

   r= 3%