Math, asked by fidhashajahan, 10 months ago

monthly interest for 1000 rs is 20 rs only what is the rate of interest

Answers

Answered by samarsingh0416nikita

1

Step-by-step explanation:

principal=1000

Rate=R=R/12

time=1 month=12 in 1year

S.I=20

S.I=PXRXT/100

29=1000XR/12X12/100

20X12X100/1000X12=R

2=R

2%=R%

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