Question

On what rate of interest would Rs. 600 will become Rs. 744 after 3years?

Answer 1

Step-by-step explanation:

Principle = 600

Amount = 744

Time = 3 year

Then, S. I = amount - principle

= 744-600

= 144

Now,

Rate = s.i ×100/p×t

= 144×100/600×3

= 8 %

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