Question

In 5 years rs 60000 amounts rs 69000 find the rate of interest ​

Answer 1

Answer:

P = 60,000

T = 5 years

A = 69,000

SI = A - P = 69,000 - 60,000 = 9000

SI = PRT/100

9000 = 60,000*R*5/100

9000 = 3000*R

R = 9000/3000 = 3

Rate of interest = 3 %