Question

kindly see this pic and help me solve it​

Answer 1

Answer:

2%

Step-by-step explanation:

P = Rs. 12,000

A= Rs. 12,480

T = 2 years

Therefore, I = A-P = 12480-12000 = 480

We know, I = PRT/100

480 = 12000 x 2 x R/100

R = 480/240

R= 2%

Answer 2

Answer:

Rate of interest = 2%

Step-by-step explanation:

$si = \frac{p \times r \times t}{100}$

Given that

Principal=12000

Amount=12480

SI=Amount-Principal

12480-12000

480

Time. = 2Years

Putting value in the formula

$480 = \frac{12000 \times r \times 2}{100}$

$480 = \frac{24000r}{100}$

$480 \times 100 = 24000r$

$48000 = 24000r$

$\frac{48000}{12000} = r$

$2\% = r$

Hence the rate of interest is 2%.