Nikita deposited ₹29000 in a finance company for 3 years and received₹38570 in all as amount after 3 years.What was the rate of simple interest per annum?
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Answered by
17
Given
P=₹29000
T=3yr.
A=₹38570
SI = A-P =38570-29000=₹9570
Si=prt/100
9570=29000xRx3/100
R=957000/29000x3
R=11%
P=₹29000
T=3yr.
A=₹38570
SI = A-P =38570-29000=₹9570
Si=prt/100
9570=29000xRx3/100
R=957000/29000x3
R=11%
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