Question

if you borrow an amount of 300 Rs for 1 month borrower charge 6 Rs. the rate of interest is​

Answer 1

Answer:

24%

Step-by-step explanation:

P = Rs. 300

T = 1 month = 1/12 year

SI = 6

We know that:

SI = PRT/100

=> 6 = 300 × 1/12 × R/100

=> 600 = 300 × 1/12 × R

=> 2 = R/12

=> R = 24%

Hope it Helps!!