Question

In how many years will Rs 300 amount to Rs 360 at 4% simple interest.

Answer 1

Interest = 360 - 300 = Rs. 60

According to question :

$60 = \frac{300 \times 4 \times r}{100} \\ \\ = > r = 5$

So, the rate of simple interest will be 5%

Answer 2

Answer:

in 5 years it will amount to 360